IBM Acquires HashiCorp From Mitchell Hashimoto And Armon Dadgar

IBM has completed its $6.4 billion acquisition of HashiCorp, following regulatory approval from the U.K.'s Competition and Markets Authority and the U.S. Federal Trade Commission. The deal, first announced 10 months ago, strengthens IBM’s hybrid cloud strategy by integrating HashiCorp’s infrastructure automation tools, including Terraform. HashiCorp, founded by Mitchell Hashimoto and Armon Dadgar, had shifted Terraform to a proprietary license in 2023, making it a more attractive acquisition target. This move aligns with IBM’s broader cloud and AI ambitions, following major acquisitions like Red Hat ($34B) and Apptio ($4.6B). BUYER: IBM SELLER: HashiCorp SALE PRICE: $6,400,000,000 IBM HQ: #NewYork #NY #NewYorkCity #NYC HashiCorp HQ: #SanFrancisco #California #VentureCapital #IBM #HashiCorp #MitchellHashimoto #ArmonDadgar #TradedVC

More Deals

View All

Puppy Sphere Secures Seed Round Of $24 Million From Strategic Investors Including The School Of Hard KnocksPuppy Sphere (@ThePuppySphere), a New York-based wellness brand centered on the human-animal bond, has raised a Seed round from a group of strategic investors including The School of Hard Knocks, Tobi Oluwole, Jake Fleshner, Torch Collective, former Massage Envy CEO David Humphrey, and other founders and operators. Founded by Francesca Albo and Lea Burbidge Izquierdo, Puppy Sphere has scaled its puppy yoga concept into a broader experiential wellness platform with 13 studios, corporate wellness programs, brand partnerships, and live activations, serving more than 450,000 customers and partnering with companies including Google, Amazon, Netflix, TikTok, and the NBA. FUN FACT: Puppy Sphere was born from two Canadian founders’ own mental health journeys and has since grown into 13 studios across North America, $14M+ in cumulative revenue, and 450,000+ customers, all without outside capital. Along the way, the brand has welcomed names like Sabrina Carpenter, Simu Liu, Trevor Noah and Alessia Cara, while building a broader wellness platform around the gentle power of puppy therapy. Now Puppy Sphere is opening its cap table for the first time through a strategic angel round, bringing together leaders across media, consumer growth and wellness, including The School of Hard Knocks, former Massage Envy CEO David Humphrey, growth entrepreneur Tobi Oluwole, and Nucleus Network co-founder Jake Fleshner, alongside a broader group of strategic founders and operators. The vision: bring the gentle power of puppy therapy across the globe. FOUNDERS: Francesca Albo (@FrancescaaAlbo), Lea Burbidge Izquierdo (@LeaburbIz) INVESTORS: The School of Hard Knocks (@TheSchoolofHardKnockz), Tobi Oluwole (@TheTobiOluwole), Jake Fleshner (@JakeFleshner) Torch Collective, Heather Stark, Will Bodewes, Craig Zingerline & more ROUND: Seed VALUATION CAP: $24,000,000 HQ: New York, New York #VentureCapital #PuppySphere #TradedPartner #FrancescaAlbo #TradedVC