Infrastructure-as-Code
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Vercel Appoints Mitchell Hashimoto, Co-Founder of HashiCorp and Creator of Terraform, to Board of Directors
Businesswire· 2026-03-18 19:29
Core Insights - Vercel has appointed Mitchell Hashimoto, co-founder of HashiCorp and creator of Terraform, to its board of directors, bringing significant expertise in developer communities and infrastructure [1][2][3] Company Developments - Hashimoto's appointment comes at a pivotal time for Vercel, following a $300 million Series F funding round that valued the company at $9.3 billion, alongside a GAAP revenue run-rate of $340 million and an 84% year-over-year growth [3][4] - Hashimoto has a strong history with Vercel's products, having been a customer and user of Next.js since its inception, which aligns with his commitment to the company's mission [3][4] Industry Context - Hashimoto is recognized as a leading figure in the open source community, having developed widely adopted tools like Terraform, which is now the standard for infrastructure-as-code [2][4] - His experience includes leading HashiCorp to a $6.4 billion acquisition by IBM in 2024, showcasing his capability in scaling technology companies [2][3] Strategic Vision - Hashimoto expressed enthusiasm for Vercel's focus on building a powerful developer presence and industry-defining products, emphasizing the importance of trust and quality in software development [4][5] - Vercel aims to enable rapid, secure, and scalable development for AI applications, positioning itself as a key player in the evolving tech landscape [5][6]