I wonder why HashiCorp needs to raise more money as they seem fairly profitable and in a very good position in the market? Why dilute your stocks and ownership of the company?
No idea about their profitability, but doing a big raise before a recession to try and tide you through with minimal layoffs is probably not a bad idea. (Yeah, I'm sure this has been in the works for a while before the coronavirus hit the fan, but the signs of recession have been brewing for a while, bulls notwithstanding.)
