HashiCorp Raises $175M at $5.1B Valuation

Re:HashiCorp Raises $175M at $5.1B Valuation by aprdm on Monday March 16, 2020 @08:52PM (#22600235)

I wonder why HashiCorp needs to raise more money as they seem fairly profitable and in a very good position in the market? Why dilute your stocks and ownership of the company?

[ Parent | on HN ]

Re:HashiCorp Raises $175M at $5.1B Valuation by jdale27 on Monday March 16, 2020 @10:01PM (#22600707)

No idea about their profitability, but doing a big raise before a recession to try and tide you through with minimal layoffs is probably not a bad idea. (Yeah, I'm sure this has been in the works for a while before the coronavirus hit the fan, but the signs of recession have been brewing for a while, bulls notwithstanding.)

[ Parent | on HN ]

Re:HashiCorp Raises $175M at $5.1B Valuation by alloutblitz85 on Monday March 16, 2020 @09:00PM (#22600297)

I don't they're quite profitable yet (source?). Hence, raising the money.

[ Parent | on HN ]