What is HashiCorp?
HashiCorp was founded in 2012 by Mitchell Hashimoto and Armon Dadgar and is best known for Terraform, its declarative infrastructure-as-code tool for provisioning cloud and on-prem resources. Its broader portfolio includes Vault (secrets management), Consul (service networking and service mesh), Nomad (workload orchestration), Packer, Boundary, and Waypoint.
Read the full overview
In August 2023, HashiCorp moved Terraform, Vault, Consul, Nomad, and other core products from the Mozilla Public License to the Business Source License (BSL) - source-available but not an OSI-approved open-source license. In response, a group of vendors forked the last MPL-licensed Terraform release into OpenTofu, now a Linux Foundation project. IBM completed its acquisition of HashiCorp for roughly $6.4 billion in February 2025; HashiCorp now operates as an IBM subsidiary.
Sources checked 27 September 2026: HashiCorp's BSL announcement, IBM acquisition close, Terraform documentation.
Key capabilities
- Terraform: Define and provision infrastructure across cloud and on-prem providers as code.
- Vault: Store and broker access to secrets, certificates, and encryption keys.
- Consul: Handle service discovery, configuration, and service-mesh networking.
- HCP: Use HashiCorp's managed cloud offerings for these products where self-hosting isn't wanted.
Infrastructure as code, secrets management, and service networking are distinct HashiCorp product areas that are often adopted separately. Confirm current licensing terms for the specific product and version before standardizing on it.
Evaluate HashiCorp's tools individually by the problem they solve - Terraform for provisioning, Vault for secrets, Consul for service discovery and mesh - rather than as one bundled platform. Since the 2023 licensing change, check whether the BSL terms (free for internal use, restricted for competing hosted offerings) fit your use case, or whether an open-source fork like OpenTofu is a better match for your license requirements.
A meaningful pilot provisions and tears down a real environment with Terraform, or brokers a real secret through Vault, and checks whether the BSL license terms and support model fit the team's actual usage, not just the free tier.
Technical details
- Access
- Self-hosted
- Source model
- Other license
- Founded
- 2012
- Headquarters
- San Francisco, California, USA
- Pricing model
- Freemium
- API
- Available
- Website
- www.hashicorp.com ↗
Official resources
What to verify for your environment
Start from the users, systems and operating responsibilities the tool needs to support.
- Confirm current features, licensing and support terms with the publisher.
- Validate deployment, data location, access control, backup and recovery requirements.
- Test integrations, export paths and a representative operational workflow before committing.
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