HashiCorp have a shiny new CEO in the form of David McJannet. He joins the company from Greylock Partners where he has been an Executive In Residence since December 2015.
McJannet first met HashiCorp co-founders Mitchell Hashimoto and Armon Dadgar about 18 months ago and became involved in HashiCorp as an advisor.
“At the time, we had a pure and relentless focus on product,” said Dadger. “Initially we thought the strength of the product, and adoption of the community would be enough for us to build the company. In spending more time with Dave, he really opened up our minds to that fact that, to make a really big impact on the industry, the strength of the product isn’t enough.”
“It just started to make more sense to have Dave join us full time, rather than just be an advisor,” he said.
Prior to Greylock, McJannet was Senior Director of Marketing at [entity display=”VMware” type=”organization” subtype=”company” active=”true” activated=”true” deactivated=”false” key=”vmware” ticker=”VMW” exchange=”NYSE” natural_id=”fred/company/5897″]VMware[/entity] where he was responsible for the Cloud Foundry and Spring Framework products (among others) and shepherded the business unit into what became Pivotal Software. From there, he joined Hortonworks as VP of Marketing and helped grow the company to its eventual IPO in December 2014. He then joined Github for a short stint as VP of Marketing before joining Greylock.
HashiCorp is the company behind popular Open Source tools like Vagrant, Packer, and Terraform as well as commercial offerings like Atlas and Vault Enterprise. It competes in the loosely defined DevOps market, providing software development tools for the modern continuous flow style of development. Other players in the space include Atlassian (makers of Jira and Confluence) and also companies like Puppet, Chef, and Docker.
The company has grown strongly, and Hashimoto said HashiCorp has just finished its first 7-figure revenue quarter, which is not bad for a startup which has only taken a series A round of funding for $10 million in December 2014.