Hashicorp raises $100M at a $1.9B valuation
cnbc.com
cnbc.com
If I'd named my company Orange, I would be laughed at too.
And people also got used to Ubuntu by now I guess.
And Yahoo and Bing? There's not much reason to keep surprising on new names people find.
It's just that only Vault is ready and Terraform Enterprise is taking way too long, IMHO dangerously long as some it might already be too late to actually sell it.
The real magic is in hashicorp's pricing strategy then. At a glance it sounds quite high, and surely if you are capable of and if you built in-house you could build only the features you want, reducing your build cost below the sticker buy cost.
But at high opportunity cost. There are better things that your in-house SREs could be working on, than infrastructure that someone else has already done for you.
The freemium model also works quite well for them.
There's also a timing factor. Hashicorp probably couldn't have existed 10 years ago. But I don't think it's quite a case of an idea whose time had come. I think hashicorp helped create their own market.
Here's to their success!