<p>The founders of Hashicorp, a cloud platform for businesses that went public earlier this month, are collectively worth $3.3 billion. Shares in Hashicorp were up 8.6% Monday to close at $97.60. The company went public at $80 per share on December 8.</p>
<figure id="attachment_1326" aria-describedby="caption-attachment-1326" style="width: 300px" class="wp-caption alignright"><img class="wp-image-1326 size-medium" src="http://jpq.a9a.mytemp.website/wp-content/uploads/2021/12/hashimoto-300x300.jpg" alt="" width="300" height="300" /><figcaption id="caption-attachment-1326" class="wp-caption-text">Mitchell Hashimoto</figcaption></figure>
<p>Co-founder Mitchell Hashimoto holds 15,127,104 shares in the company worth $1.47 billion.</p>
<p>Co-founder and Chief Technical Officer Armon Dadgar has 18,854,770 shares in the company worth $1.84 billion.</p>
<p>The company reported 2,392 customers at the end of October with 500 paying more than $100,000 in annual recurring revenue.</p>
<figure id="attachment_1327" aria-describedby="caption-attachment-1327" style="width: 300px" class="wp-caption alignnone"><img class="wp-image-1327 size-medium" src="http://jpq.a9a.mytemp.website/wp-content/uploads/2021/12/dadgar-300x300.jpg" alt="" width="300" height="300" /><figcaption id="caption-attachment-1327" class="wp-caption-text">Armon Dadgar</figcaption></figure>
<p>For the first nine months of 2021, Hashicorp reported revenues of $224.2 million and net loss of $62.4 million. The company has over 1,500 employees.</p>

SANTA CLARA — Intel Corporation has appointed Seok-Hee Lee [photo above] as executive vice president…
SAN FRANCISCO -- Parafin, a financial infrastructure company that provides platforms with embedded financial products…
PALO ALTO -- Hang Ten Systems, an enterprise AI services company, has raised $32 million…
DoorDash is racing into the auto parts category. Millions of customers nationwide can now shop…
SAN JOSE – HITT Contracting announced the groundbreaking of Microsoft’s new Alviso datacenter campus in San…
SAN FRANCISCO — Convey, an enterprise AI platform that enables non-technical operators to build and manage…