
HashiCorp Inc. (HCP) is a market leader in software for multi-cloud infrastructure automation. On December 9, 2021, the company made its stock market debut, going public via the traditional initial public offering process and raising $1.22 billion in gross proceeds.
The company gained 525 new customers during the first quarter and 49 clients with annual recurring revenue (ARR) of $100,000 or more, for a total of 704 such customers in the first quarter of fiscal 2023, up from 523 in the first quarter of fiscal 2022.