The company’s products have long garnered rave reviews from technical staffs, and now the company is looking at a brand new massive valuation.

The SF-based startup announced today that it has raised $175 million in Series E financing from Franklin Templeton Investments at a scorching $5.1 billion valuation.

The company’s other products include Consul around network automation, Vault for security, and Nomad for application deployment.

Franklin Templeton is a fairly late stage investor that has funded such enterprise companies as Cloudflare, which went public last year, logs management platform SumoLogic, and cybersecurity business Tanium, all according to Crunchbase.

With a hefty $5.1 billion valuation, the company narrowly missed the catastrophic decline of SaaS stocks over the past few weeks, which have been buffeted by the rapidly spreading global pandemic. | To read full story, visit https://startuparound.com/read/1584405008.0887134/Hashicorp-soars-above-$5B-valuation-in-new-$175M-venture-round-–-TechCrunch?ref=audio_experience