Series E have never been a good indicator for success, especially with the stock market behavior of late, and I don't see how HashiCorp's enterprise offerings are worth a 5.1B valuation. They've continuously struggled to find a good fit for their "enterprise only" features, and the amount of money they charge for these features is nothing short of extortion. Vault seems to be the only runway they have, and I see that area ripe for competition (or even AWS Vault like they did with MongoDB). Also, based on the company's glassdoor reviews, it seems the exec team are a bunch of jerks, which is an interesting contrast to Armon/Mitchell.
Unlike some of the other comments, I see HashiCorp as a textbook example of poor execution for converting customers. They clearly have the things people want, but they have always struggled to give people a reason to pay for them. They've created a community that would easily raze the goodwill they've floated on if they started to heavily monetize their products, so they're in a lose/lose situation to me.
I see them being acquired, but I can't think of any cloud provider that would pay for them. Maybe Oracle? :)
Unlike some of the other comments, I see HashiCorp as a textbook example of poor execution for converting customers. They clearly have the things people want, but they have always struggled to give people a reason to pay for them. They've created a community that would easily raze the goodwill they've floated on if they started to heavily monetize their products, so they're in a lose/lose situation to me.
I see them being acquired, but I can't think of any cloud provider that would pay for them. Maybe Oracle? :)