Startup Spotlight: multi-cloud enabler HashiCorp
Customers include the likes of Adobe, B...
San Francisco-based software firm HashiCorp is a provider of tools for creating cloud computing infrastructure.
Customers include the likes of Adobe, Barclays, Hulu and SAP Ariba, with over 100 of the Fortune 500 using its commercial products. HashiCorp offers assistance with the automation of manual processes in different layers of cloud building such as infrastructure, security, networking and application with its Terraform, Vault, Consul and Nomad product stack.
The company also maintains an agnostic approach to infrastructure vendors, featuring integrations with the likes of Amazon Web Services, Google Cloud, Microsoft Azure and Oracle, to name a few.
The approach has led to a doubling of its customer base and over 100% revenue growth every year for the last four years.
Last week, the company announced it had raised $175mn, raising its valuation to $5.1bn and cementing its status as a technology unicorn. The round was led by investment firm Franklin Templeton, and was described as being intended to “accelerate HashiCorp’s focus on enabling multi-cloud infrastructure automation for organizations around the globe that are working to extract the full value of multi-cloud IT environments”.
HashiCorp’s CEO David McJannet said in the press release: “At HashiCorp, we are providing the Global 2000 with the critical software they need to adopt a cloud operating model for their infrastructure. Increasingly, our software is becoming mission critical to the largest organizations in the world, and we take our responsibility to deliver on their expectations very seriously. We are pleased to have Franklin Templeton and T. Rowe Price join as new investors and look forward to the continued partnership with our existing investor partners.”
That means the company has now raised a total of almost $350mn across five funding rounds.
“As organizations shift to a multi-cloud operating model, HashiCorp is well-positioned to partner with and enable enterprises to realize the full benefits of their multi-cloud strategy,” said Jonathan Curtis, vice president of equity research and portfolio manager for technology strategies at Franklin Templeton. “This is why we believe HashiCorp has the opportunity to become a foundational infrastructure company, defining and enabling the needs of the largest enterprises as they adopt cloud.”
Ivanti Acquires RiskSense to Combat Cyber Attacks
Ivanti, an IT asset and service management software solutions provider, has acquired RiskSense, a company that works in risk-based vulnerability management and prioritisation, to drive the next evolution of patch management.
This combination of the two companies will enable organisations to ‘shrink their attack surface, prioritise vulnerabilities to remediate, and reduce their exposure to cyber threats and ransomware attacks by taking a proactive, risk-based approach to patch management’. The terms of the RiskSense transaction were not disclosed.
“Over the past two years, cyberattacks such as ransomware have crossed the line from being a nuisance to truly disrupting society,” said Srinivas Mukkamala, CEO of RiskSense. “And unpatched vulnerabilities remain one of the common points of infiltration into organisations’ ecosystems. I’m committed to the global fight against ransomware. And I truly believe that the combination of risk-based vulnerability prioritisation and automated patch intelligence can help organisations reduce their exposure and make a major impact in global cyberspace. Together, RiskSense and Ivanti will help customers drive operational efficiencies and defend against the next wave of sophisticated cyber threats, including ransomware attacks.”
Providing IT teams with the tools to tackle cyber issues
Solutions from the combined companies are expected to reduce the meantime to detect, discover, remediate, and respond to cyber threats, particularly critical vulnerabilities linked to or associated with ransomware. Together, Ivanti and RiskSense will provide security and IT teams with context and adaptive intelligence regarding what their organisation’s exposures are to vulnerabilities that are being actively exploited, including whether those vulnerabilities are tied to ransomware, and then enable them to quickly remediate those threats.
Ivanti has already integrated the RiskSense Vulnerability Intelligence and Vulnerability Risk Rating, which prioritises and quantifies adversarial risk based on factors such as threat intelligence, in-the-wild exploit trends, and security analyst validation, into Ivanti Neurons for Patch Intelligence.
“This combination will allow us to provide our customers with a holistic view of vulnerabilities and exposures, and then enable them to take fast action through Ivanti Neurons for Patch Intelligence. Customers will be able to greatly reduce their attack surface and risk of breach because of the vulnerability intelligence and the resulting remediation prioritisation based on actively trending exploits and ransomware attacks,” said Jim Schaper, Ivanti Chairman and CEO.