HashiCorp raked in $175 million in a Series E funding round this week that propelled the company’s valuation to an astonishing $5.1 billion.
While private, HashiCorp said it has posted a 100% year-over-year increase in revenue over the past four years, and has more than doubled its customer base each of those years. The company is targeting the latest investment at expanding its support teams and research and development.
HashiCorp’s last funding round was a $100 million Series D in late 2018, which prompted a $1.9 billion valuation. That followed a $40 million Series C in October 2017. The company in total has now raised nearly $350 million in funding since being founded in 2012.