HashiCorp Inc.’s ability to raise cash is growing.

A little more than a year after banking $24 million in funding, the infrastructure automation provider today said that it has raised a $40 million series C round from existing investors, bringing its total funding to $74 million. The round was led by GGV Capital and included Redpoint Ventures, Mayfield Fund and True Ventures. The company said it will invest the cash in marketing, engineering and customer support.

HashiCorp specializes in automating the increasingly complex process of rolling out applications and infrastructure across diverse environments that include hybrid clouds and containers, as well as in equipping DevOps developers to provision their own infrastructure. “Our commercial customer base has grown significantly over the past 18 months and this funding will allow us to invest aggressively across the breadth of our organization and with a particular emphasis on customer support and success,” Chief Executive Dave McJannet said in a prepared statement.

The company produces a broad range of open-source tools, free for individual users and developers, that have logged more than 22 million downloads. It make money from its products through enterprise editions that target teams of developers and administrators with bundled workflow and governance features.

The company has lately been focusing on security and governance, in part because automation is making infrastructure deployment so fluid. Its most recent launch, called Sentinel, helps companies enforce internal compliance policies at a fine-grained level to limit unauthorized access and destructive operations such as file deletions.

HashiCorp said it has logged a record numbers of new customers in each of the four quarters since it began selling commercial products, including Adobe Systems Inc., Barclays PLC, Citadel, Comcast, Ellucian Inc., SAP SE’s Ariba division, Segment.io Inc. and Spaceflight Industries Inc. It also has partnerships with most of the major cloud infrastructure-as-a-service companies and counts user groups in 44 cities around the world.

SiliconANGLE founder John Furrier interviewed HashiCorp co-founder Mitchell Hashimoto two years ago on theCUBE, SiliconANGLE Media’s live video studio:

Image: Pixabay