HashiCorp, the multi-cloud mosaic type Infrastructure as a Service software provider is currently valued at 16.07 billion USD days after its Initial Public Offering.
Cloud based computing, the Infrastructure as a Service branch especially, is the future of computing. And HashiCorp's mosaic, lego type software for interchangeable IaaS cloud services provides for a much needed security if a cloud critical cloud computing leader like Amazon's AWS or Microsoft's Azure goes down.
In short, despite that now HashiCorp looks overvalued, in the long run HashiCorp could prove undervalued several times over.
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