Amazon’s outage and HashiCorp’s IPO point to a future with multiple clouds

Amazon’s outage and HashiCorp’s IPO point to a future with multiple clouds

Amazon Web Services lost a record last week, reviving the debate on the risk of relying on a single cloud vendor.

HashiCorp, its software that can help companies deploy resources from multiple cloud platforms, came to light two days later and is now estimated at $ 15 billion. “Whether by accident or by design, you will become a multicloud customer if you are in Global 2000,” said Armon Dadgar, founder of HashiCorp and the company’s chief technology officer.

HashiCorp has closed its second day of trading with a market value of more than $ 15 billion, reflecting the growing demand for its registration software and a desire to be able to work through the cloud. Revenue in the last quarter exceeded 49% to $ 82.2 million.

Read More: cnbc

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