HashiCorp Acquisition, Valuation, Funding & Investors

Harness is a San Francisco software company that sells an AI-assisted software delivery platform covering continuous integration, continuous delivery, feature flags, security testing, cloud cost management and reliability testing. It was founded in 2017 by Jyoti Bansal, who previously created AppDynamics, and launched with backing from his startup studio BIG Labs and Menlo Ventures. The platform is used by engineering teams at large enterprises to build, test, deploy and verify applications. Harness raised a 60 million dollar Series B in 2019, a 115 million dollar financing in January 2021 at a 1.7 billion dollar valuation, a 230 million dollar Series D in April 2022 at 3.7 billion dollars, and a 240 million dollar Series E in December 2025 led by Goldman Sachs Alternatives at 5.5 billion dollars. It has grown through acquisitions including Drone.io, Split Software, Traceable, Qwiet, Codecov and DeepSource.

Founded in 2007, MongoDB is a vendor of a document-oriented database that accelerates development processes of new applications. Enterprise customers can choose between the fully managed offering, MongoDB Atlas, or the self-managed version, MongoDB Enterprise Advanced. MongoDB is a popular tool among developers, and its free Community Server has recorded over 500 million downloads since 2009.

Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm’s edge computing platform, Workers, leverages this network by providing clients the ability to deploy and execute code without maintaining servers.

Island is a Dallas-based cybersecurity software company that sells an enterprise browser and, since 2026, an agentic control plane for governing how employees and AI agents use applications and data. The Chromium-based browser embeds security, IT and productivity controls so that organisations can manage access to SaaS and web applications, contractors and unmanaged devices without virtual desktops. It was founded in 2020 by Mike Fey and Dan Amiga, left stealth in February 2022 and has an engineering base in Tel Aviv. The company says it has about 1,000 employees and has doubled annual recurring revenue every year since its 2022 launch. It has raised funding from Insight Partners, Sequoia Capital, Cyberstarts, Coatue and Evolution Equity Partners, and a September 2026 Series F valued it at USD 6.4 billion.

Computacenter PLC is an IT infrastructure services provider that advises organizations on IT plans and manages customer infrastructure. The company offers user support, devices, applications, and data to support the customers through consulting, and the implementation and operation of networks and data center infrastructures on or off customers' premises. The company's segments include the U.K., Germany, Western Europe, North America, and International, with Germany accounting for the majority of revenue.

Lambda is an AI cloud computing company headquartered in San Jose, California, that provides GPU infrastructure for training and running machine learning models. It was founded in 2012 by Stephen Balaban and Michael Balaban and began by selling deep learning workstations and servers. Its products now include on-demand GPU cloud instances, reserved multi-node clusters, supercomputers built on Nvidia accelerators, colocation, and the Lambda Stack software distribution for AI frameworks. It builds and leases data centre capacity to AI developers, enterprises, research institutions and government agencies. Revenue comes mainly from usage-based and contract-based cloud compute, together with hardware sales. The company is financed by venture equity and asset-backed debt secured on the GPUs it deploys.

Wangsu Science & Technology Co Ltd is a China-based company engaged in the provision of telecommunication value-added services. It is mainly engaged in the provision of a content delivery network (CDN) services, Internet data center (IDC) services, and cloud service integrated solutions. The company operates its business in domestic and overseas markets.

Box is a cloud-based content management platform that provides storage and workflow collaboration services for enterprise customers. The firm was founded in 2005 as a file, sync, and share provider. Over time, it built out and acquired workflow and security tools to evolve the pure-play FSS business into a content management business. Most recently, Box has been pursuing an AI-powered, intelligent content management strategy that can allow for metadata extraction and workflow automation.

team.blue is a European digital-enablement group formed in 2019 from the combination of Combell, TransIP Group and REGISTER. Headquartered in Ghent, it supplies domains, web hosting, email, cloud infrastructure and online business tools. The group operates through local brands that serve entrepreneurs and small and mid-sized companies across Europe. Its offering has expanded into ecommerce, compliance, marketing and productivity software through acquisitions. Customers typically pay recurring subscriptions for infrastructure and applications, with additional usage and service revenue. team.blue provides shared technology, capital and operating support while acquired brands retain local market recognition. In September 2024 it acquired Metricool, enabling Axon Partners to realize its investment in the Spanish software company.

NextDC operates 17 data centers in Australian cities with a focus on colocation and interconnection between enterprises, global cloud, and ICT providers and telecommunication networks. It has another 2 data centers in Asia and 13 data centers in development or planning stage in Australia, Asia and New Zealand. NextDC provides physical space, cooling, power and security services and offers optional technical and project management support. The company’s tenants store their servers within the data center and can connect to each other, to and between global public cloud providers and telecommunication network providers via physical and virtual connections. Colocation services allow enterprises to enhance security of data transmission and reduce latency.

Oracle Corp Japan is an information technology company. Its products cover database management, enterprise resource planning, supply chain management, data warehousing, customer relationship management, middleware, business intelligence, and application products. The firm provides cloud solutions, business solutions, industry solutions, mobile solutions, technology solutions and consulting, financing, training, cloud, and others. The company operates through three reportable segments: Cloud & License, Hardware Systems, and Services.

IONOS Group SE is an international digitalization partner and cloud enabler for small and medium-sized enterprises (SMEs), as well as for individual users and larger corporate customers. It offers a comprehensive product portfolio in the areas of web presence and productivity, as well as cloud solutions, which is further supported by customer care and infrastructure. In addition, IONOS offers an online marketplace for buying, selling, and parking domains. The company's operating segments include Digital Solutions & Cloud and AdTech. Key revenue is derived from the Digital Solutions & Cloud segment, which offers its customers customized server products and other solutions to set up an online presence and maintain their IT infrastructure. Geographically, it derives key revenue from Germany.

GitLab Inc operates on an all-remote model. GitLab, a complete DevSecOps platform delivered as a single application. It operates in two competitive landscapes: DevOps point solutions and DevOps platforms. In terms of point solutions that are stitched together, GitLab’s offering is substantially different in that it is one platform, one codebase, one interface, and a unified data model that spans the entire DevSecOps lifecycle. DevOps platforms, the principal competitor is Microsoft Corporation following their acquisition of GitHub. GitLab is offered on both self-managed and software-as-a-service (SaaS) models. It is located in the United States, Europe, and Asia Pacific. It focused on accelerating innovation and broadening the distribution of its platform to companies across the world.

Together AI is a San Francisco-headquartered AI cloud company that lets developers and businesses train, fine-tune and run open-source generative AI models at scale. Its AI Native Cloud combines serverless inference for open models such as DeepSeek, Nemotron, MiniMax and Kimi with dedicated GPU clusters, fine-tuning and reinforcement-learning tools, backed by its own research into inference efficiency. The platform serves more than a million developers and thousands of paying customers, including AI companies such as Cursor, Cognition and Decagon, and the company said its annual bookings passed USD 1.15 billion in the quarter before its 2026 financing. Together earns revenue from usage-based inference and training and from reserved GPU capacity. It has raised about USD 1.3 billion, including an USD 800 million Series C in July 2026 led by Aramco Ventures at an USD 8.3 billion post-money valuation, with NVIDIA, General Catalyst, Salesforce Ventures and Kleiner Perkins among its backers. Together AI was founded in 2022 by chief executive Vipul Ved Prakash with Ce Zhang, Chris Re and Percy Liang.

Cato Networks is a Tel Aviv company that sells a cloud-native secure access service edge platform combining wide-area networking and network security in one subscription service. It was founded in 2015 by Shlomo Kramer, a co-founder of Check Point Software and Imperva, and Gur Shatz, a co-founder of Incapsula. The platform runs on a private global backbone of points of presence and replaces branch firewalls, routers, proxies and private circuits for enterprise customers, which it reaches through channel partners and managed service providers. Kramer serves as chief executive. The company has raised more than 1 billion dollars from investors including Lightspeed, Vitruvian Partners, ION Crossover Partners, Adams Street, Greylock and Coatue, and was valued at more than 4.8 billion dollars in June 2025. In September 2025 it made its first acquisition, the AI security company Aim Security. Cato reported annual recurring revenue of 250 million dollars at the end of 2024.

DigitalOcean Holdings Inc is a cloud computing platform offering on-demand infrastructure and platform tools for developers, start-ups, and small and medium-sized businesses. The customers use the platform for a wide range of cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, and managed services, among many others. Geographically, the company generates maximum revenue from North America and also has a presence in Europe, Asia, and the Rest of the world.

United Internet is a German internet and telecommunications group based in Montabaur. Its operating businesses provide internet access, hosting, online applications, communications services and related digital infrastructure to consumers and commercial customers. The parent company manages group functions including investment management, financial control, risk management and corporate administration. Its commercial model combines recurring subscriptions and service fees across its operating subsidiaries. In 2013, important operating businesses included 1&1 Internet, mail and media activities, hosting providers and Sedo’s online services. The group also held minority investments in technology and internet companies through dedicated subsidiaries. United Internet acquired an indirect 25.1% interest in Versatel in 2012 and agreed to buy the remaining 74.9% from KKR in 2014. That acquisition added a substantial German fibre network to the group and increased the infrastructure available for its telecommunications services.

Applied Digital Corp is a U.S. based designer, developer, owner, and operator of large-scale, purpose-built data centers engineered to support high-performance computing (HPC) workloads, including artificial intelligence (AI), machine learning, and other accelerated-compute applications. It design, build, and operate high-performance, sustainably engineered data centers which it refer to as AI factories and deliver that capacity to investment-grade hyper scalers and other compute customers under long-term lease and hosting arrangements. The company has two segments Data Center Hosting Business, and HPC Hosting Business. The company generates majority of revenue from Data Center Hosting Business segment. Its solutions are Digital Infrastructure, and AI Factories.