Hashicorp: A Play on Cloud Computing Growth

There are a handful of investment themes that almost mandate participation because the potential opportunity is so large. Any total addressable market (TAM) upwards of $500 billion deserves some attention because it’s just too big to ignore. NVIDIA believes AI chips represent a $600 billion TAM, and last year they captured less than 5% of that opportunity. Even if the TAM is half of what they estimated, there’s still plenty of upside. Similarly, cloud computing spend is expected to eclipse $1 trillion by 2026, up from a $500 billion TAM today.

Our recent piece on Investing in Cloud Computing. Any Growth Left? made a compelling case for getting more exposure to the growth of cloud computing that’s only accelerated by the emergence of Software-as-a–Service (SaaS) companies offering solutions via the cloud. So, when we came across a SaaS company offering solutions across the three biggest cloud hyperscalers, our ears perked up.

Introducing HashiCorp

Technology becomes complicated very quickly, so the challenge in introducing new tech solutions is to explain things in a sufficiently simple ma