<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>

SAN FRANCISCO -- Omni, an AI Analytics platform, has secured Series C funding round of…
It's the end of an era at Apple! The company announced that Tim Cook will…
SAN FRANCISCO -- Afresh, the AI platform for grocery, has raised $34 million in new…
Meta says it is expanding its partnership with Broadcom to co-develop multiple generations of next-generation…
SAN JOSE -- Lumentum Holdings, a provider of optical and photonic solutions for cloud and…
PALO ALTO -- Mind Robotics has reeled in a $500 million Series A round, co-led…