Welcoming HashiCorp

I am incredibly excited to announce our investment in HashiCorp and welcome Mitchell Hashimoto and Armon Dadgar to the True Portfolio.

We first met Mitchell and Armon during their time at True-backed Kiip. Mitchell was the first engineering hire at the company and worked from the True Ventures San Francisco office along with the Kiip Founders. As Kiip began to grow, Armon joined the team to help scale the company’s infrastructure, which still supports tens of millions of devices daily across the globe.

Prior to joining Kiip, Mitchell had developed and launched Vagrant, an open source tool that enables developers to easily build complete development environments. We were extremely impressed with Mitchell during his time at Kiip, and we stayed close to him as he moved his focus to further building Vagrant and developing a company around it. That company became HashiCorp, which True seed funded in April 2013 as the first investors in the company.

Mitchell is one of the key figures in the movement around data center automation, and each of HashiCorp’s first open source projects have become quickly popular, generating millions of downloads and attracting users like the BBC, Expedia and Living Social. Equally as exciting to True is Mitchell’s commitment to open source. Investing in open source has been a focus for True, and our investment in HashiCorp continues this investment theme with 15 other commercial open source investments, including Concurrent, Puppet Labs and npm.

Mitchell and Armon have already been an integral part of the True Community, participating twice as instructors at True University and participating in our previous two Infrastructure Summits. We are honored to have them as part of the portfolio and are thrilled to be working with this incredible company.

Mitchell and Armon: Welcome back to True!