CISO Tribune

Vendor comparison · 2 companies

HashiCorp vs Keeper Security

HashiCorp sells The Infrastructure Cloud, an integrated platform that turns Infrastructure Lifecycle Management and Security Lifecycle Management into code. Keeper Security sells a unified control plane for privileged access, secrets, remote connections, endpoints and databases within a single zero-trust platform. CISO Tribune files both under Privileged access management and Non-human identity security. This page sets the two records side by side: what each sells, where it is based, who owns and funds it, the customers it names and its recent news, each fact numbered to its source.

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  • HashiCorp
  • Keeper Security
HashiCorp vs Keeper Security: Products, Customers and Funding Compared
HashiCorpHashiCorp sells The Infrastructure Cloud, an integrated platform that turns Infrastructure Lifecycle Management and Security Lifecycle Management into code.hashicorp.comKeeper SecurityKeeper Security sells a unified control plane for privileged access, secrets, remote connections, endpoints and databases within a single zero-trust platform.keepersecurity.com
What it sells
  • Vault[1][4][7][8][9]Vault is used for secrets management operations.
  • Boundary[1][7][8]Boundary brokers credentials to targets through external credential sources such as HashiCorp Vault.
  • HCP Terraform[4][6][10][11]HCP Terraform provisions cloud resources through automation.
  • Terraform Enterprise[10]Terraform Enterprise is an infrastructure as code tool.
  • Infragraph[4]Infragraph gives a view of a hybrid estate through a knowledge graph.
  • Packer[8]Packer workflows are used for image compliance in Azure.
  • HashiCorp Cloud PlatformHCP is a unified suite of SaaS products for infrastructure and security lifecycle management.
  • Keeper Enterprise Password Management[4]Keeper Enterprise Password Management gives businesses visibility and control over their employees' password practices and lets IT admins monitor password use.
  • KeeperPAM[6][9][13]KeeperPAM delivers secure remote database access through a cloud-native, zero-knowledge and zero-trust architecture.
  • KeeperDB[6]KeeperDB enables privileged users to access, query and manage databases directly from the vault without exposing credentials.
  • Keeper Secrets Manager[4][7][9]Keeper Secrets Manager provides engineering teams with a platform for managing credentials such as infrastructure secrets, SSH keys, API keys and certificates.
  • Keeper Connection Manager[4]Keeper Connection Manager gives access to RDP, SSH, databases, internal web applications and Kubernetes endpoints through a web browser with no agent required.
  • KeeperAI[3][6]KeeperAI analyzes privileged activity and classifies risk in real time.
  • BreachWatch[5]BreachWatch monitors the dark web and scans stored credentials against known compromised ones.
  • Remote Browser Isolation[1][5]Keeper includes Remote Browser Isolation, endpoint privilege management and privileged session management.
Categories
Headquarters
Not stated on its pagesNot stated on its pages
Founded
2012[2]Not stated on its pages
Ownership and funding
Owned by IBM since 2025[3][6][11][12][15][16]Not stated on its pages
Named customers
Not stated on its pagesNot stated on its pages
Recent news
  • October 27, 2026HashiCorp introduced the Terraform Developer Portal in public preview, according to a post listed on its Terraform blog.[15]
  • November 5, 2026Keeper Security announced Self-Managed Keeper, a self-hosted privileged access deployment option for air-gapped and cloud-restricted environments.[14]
  • October 6, 2026Keeper Security said it now protects more than 100,000 organizations globally.[12]
  • June 4, 2026Keeper Security introduced Workflow for KeeperPAM, a capability requiring approved, time-bound access requests to eliminate standing privilege.[13]
G2 and Gartner Peer Insights
  • G2: listed, seen November 10, 2026[16]
  • Gartner Peer Insights: Not stated on its pages
  • G2: listed, seen November 10, 2026[15]
  • Gartner Peer Insights: Not stated on its pages
Who it fits
Organizations can implement The Infrastructure Cloud through the HashiCorp Cloud Platform, self-managed solutions, or a combination, across a hybrid environment. Customers named on its pages include a company that partners with medical organizations and an Italian telecommunications company. HCP Terraform is described with minimum privileges for developers, cloud engineers, and operations managers.From its own pages, Keeper sells mainly to organizations ranging from SMBs to enterprises and U.S. federal agencies. Keeper Secrets Manager is offered to engineering teams for managing credentials such as infrastructure secrets, SSH keys, API keys and certificates. Keeper Connection Manager is offered to DevOps and IT teams. Keeper Enterprise Password Management is offered to businesses and their IT admins. Keeper hosts its platform on AWS in regions including the US, US GovCloud, EU, AU, CA and JP.
Last verified
October 21, 2026November 5, 2026

Where they overlap

  • Privileged access management is the primary category of both HashiCorp and Keeper Security; both are also filed under Non-human identity security.

Where they differ, field by field

  • HashiCorp is also filed under Secrets detection. Keeper Security is also filed under Password and secrets vaults for people and Remote browser isolation.
  • HashiCorp lists Vault, Boundary, HCP Terraform, Terraform Enterprise, Infragraph and 2 more. Keeper Security lists Keeper Enterprise Password Management, KeeperPAM, KeeperDB, Keeper Secrets Manager, Keeper Connection Manager and 3 more.
  • HashiCorp was founded in 2012.
  • HashiCorp is owned by IBM, since 2025.

How they differ

CISO Tribune files HashiCorp under Privileged access management, Non-human identity security and Secrets detection, with Privileged access management as its primary category. CISO Tribune files Keeper Security under Privileged access management, Password and secrets vaults for people, Remote browser isolation and Non-human identity security, also with Privileged access management as primary. HashiCorp sells The Infrastructure Cloud, an integrated platform that turns Infrastructure Lifecycle Management and Security Lifecycle Management into code, along with products such as Vault, Boundary, HCP Terraform, Terraform Enterprise and Packer. Keeper Security sells a unified control plane for privileged access, secrets, remote connections, endpoints and databases, with products including KeeperPAM, Keeper Secrets Manager, Keeper Connection Manager and BreachWatch. Both companies sell secrets management: HashiCorp through Vault, and Keeper Security through Keeper Secrets Manager for credentials such as SSH keys, API keys and certificates.

HashiCorp has infrastructure provisioning products, including HCP Terraform, which automates provisioning of cloud resources. Keeper Security sells an employee password vault in Keeper Enterprise Password Management, which includes audit tracking across more than 300 event types. HashiCorp was founded in 2012 and has been owned by IBM since 2025. Keeper Security hosts its platform on AWS in regions including the US, US GovCloud, EU, AU, CA and JP. HashiCorp's pages name Vodafone Italy and AGL as customers of its Terraform products. Keeper Security names organizations from SMBs to Fortune 500 enterprises and U.S. federal agencies among those it serves.

On October 27, 2026, HashiCorp introduced the Terraform Developer Portal in public preview. On November 5, 2026, Keeper Security announced Self-Managed Keeper, a self-hosted privileged access deployment option for air-gapped and cloud-restricted environments. On June 4, 2026, Keeper Security introduced Workflow for KeeperPAM, which requires approved, time-bound access requests.

What it sells: HashiCorp

What Boundary does[1][7][8]
Boundary integrates with external credential sources such as HashiCorp Vault to broker credentials to targets. HashiCorp describes using Boundary to automatically discover target hosts and services for access to on-demand infrastructure.
What HCP Terraform does[4][6][10][11]
HCP Terraform enables automated provisioning of cloud resources. Vodafone Italy uses HCP Terraform to create databases, set up its repository and team structure on GitHub, and create CI/CD pipelines.
What Terraform Enterprise does[10]
Terraform Enterprise helped AGL create configuration files to define infrastructure. AGL chose Terraform Enterprise over the community edition because of its enterprise-specific features.
What Infragraph does[4]
Infragraph delivers a single pane of glass view of a hybrid estate through a centralized, event-driven knowledge graph. HCP Terraform Standard and Premium customers now have access to Infragraph.
What HashiCorp Cloud Platform does
The HashiCorp Cloud Platform (HCP) is a unified suite of SaaS products that automate the lifecycle management of the infrastructure and security supporting critical applications. Organizations can implement The Infrastructure Cloud through HCP, self-managed solutions, or a combination of the two.

What it sells: Keeper Security

What Keeper Enterprise Password Management does[4]
Keeper Enterprise Password Management gives businesses visibility and control over their employees' password practices and lets IT admins monitor password use. Keeper gives every employee a private, encrypted vault to store passwords, passkeys, secrets and other sensitive data, and includes a built-in password generator and secure autofill. Keeper supports multiple MFA methods, including TOTP, hardware security keys and biometrics. Keeper provides administrators with detailed audit trails, customizable reports and tracking across more than 300 event types.
What KeeperPAM does[6][9][13]
KeeperPAM delivers secure remote database access through a cloud-native, zero-knowledge and zero-trust architecture. KeeperPAM delivers Just-in-Time access to privileged users directly from the Keeper Vault using zero-knowledge encryption. KeeperPAM replaces VPN-dependent access with the KeeperPAM Gateway, which establishes end-to-end encrypted connections to any target database. KeeperPAM provides session management with encrypted session recording and detailed audit logs.
What Keeper Secrets Manager does[4][7][9]
Keeper Secrets Manager provides engineering teams with a platform for managing credentials, including infrastructure secrets, SSH keys, API keys and certificates, with SDKs and CI/CD integration. Keeper Secrets Manager lets teams manage access to secrets across teams by sharing entire applications.
What Keeper Connection Manager does[4]
Keeper Connection Manager is a remote desktop gateway for DevOps and IT teams. Keeper Connection Manager gives access to RDP, SSH, databases, internal web applications and Kubernetes endpoints through a web browser with no agent required.
What KeeperAI does[3][6]
KeeperAI analyzes privileged activity and classifies risk in real time, automatically terminating high-risk sessions and generating encrypted, forensic-ready summaries. KeeperAI lets users ask for data in plain English and writes and runs the SQL directly inside the vault session.
What BreachWatch does[5]
BreachWatch monitors the dark web, scans stored credentials against known compromised ones and alerts users in real time the moment a match is found. BreachWatch uses a zero-knowledge matching architecture, and credentials are anonymized before any comparison occurs.
What Remote Browser Isolation does[1][5]
Keeper includes Remote Browser Isolation, endpoint privilege management and privileged session management. Keeper offers Remote Browser Isolation with capabilities that allow organizations to control access, secure infrastructure and protect both human and machine identities.

Questions about HashiCorp and Keeper Security

What do HashiCorp and Keeper Security sell?
HashiCorp sells Vault, Boundary, HCP Terraform, Terraform Enterprise, Infragraph and 2 more. Keeper Security sells Keeper Enterprise Password Management, KeeperPAM, KeeperDB, Keeper Secrets Manager, Keeper Connection Manager and 3 more.
Are HashiCorp and Keeper Security in the same category?
Yes. Privileged access management is the primary category of both on CISO Tribune.
When were HashiCorp and Keeper Security founded?
HashiCorp was founded in 2012.
Who owns HashiCorp and Keeper Security?
HashiCorp is owned by IBM, since 2025.
Who are HashiCorp and Keeper Security sold to?
Organizations can implement The Infrastructure Cloud through the HashiCorp Cloud Platform, self-managed solutions, or a combination, across a hybrid environment. From its own pages, Keeper sells mainly to organizations ranging from SMBs to enterprises and U.S. federal agencies.
What have HashiCorp and Keeper Security announced recently?
October 27, 2026: HashiCorp introduced the Terraform Developer Portal in public preview, according to a post listed on its Terraform blog. November 5, 2026: Keeper Security announced Self-Managed Keeper, a self-hosted privileged access deployment option for air-gapped and cloud-restricted environments.

About HashiCorp

HashiCorp sells The Infrastructure Cloud, an integrated platform that turns Infrastructure Lifecycle Management and Security Lifecycle Management into code. The Infrastructure Cloud automates workflows and serves as a central system of record. Infrastructure and Security Lifecycle Management, shortened to ILM and SLM, are the foundation of The Infrastructure Cloud. HashiCorp organizes its commercial products by Infrastructure and Security portfolios.[4][5]

The HashiCorp Cloud Platform, or HCP, is a unified suite of SaaS products that automate the lifecycle management of the infrastructure and security supporting an organization's most critical applications. HashiCorp lets organizations implement The Infrastructure Cloud through the HashiCorp Cloud Platform, through self-managed solutions, or through a combination of the two. The Infrastructure Cloud automates provisioning, enforces policies, and standardizes how teams work across a hybrid environment. HashiCorp offers identity-based access controls and secrets management for hybrid cloud security. Terraform, Vault, and Consul are among HashiCorp products.[1][4][9]

IBM Terraform provides automated infrastructure as code provisioning and management through a platform approach across cloud, private data centers, and SaaS infrastructure. A self-managed IBM Terraform option is for enterprises with security, compliance, and operational needs. HCP Terraform Standard and Premium customers now have access to Infragraph. Infragraph delivers a single pane of glass view of a hybrid estate through a centralized, event-driven knowledge graph.[4]

Boundary brokers credentials to targets by integrating with external credential sources such as HashiCorp Vault. HashiCorp describes using Boundary to automatically discover target hosts and services to address access to on-demand infrastructure. HashiCorp describes using Azure Active Directory to verify the identity of a Vault user when applying access control and enforcing governance requirements in cloud resources. HashiCorp describes a Packer workflow for maintaining image compliance in Azure.[7][8]

AGL used Terraform Enterprise to create configuration files that define infrastructure, and AGL later moved from Terraform Enterprise to HCP Terraform. Vodafone Italy uses HCP Terraform to create databases, set up its repository and team structure on GitHub, and create CI/CD pipelines on Jenkins and Microsoft Azure DevOps Services. Vodafone Italia S.p.A. is an Italian telecommunications company.[10]

HCP Terraform includes role-based access control and Sentinel policy capabilities, with minimum privileges for developers, cloud engineers, and operations managers. Vodafone Italy developers can use Terraform modules served through the private registry to stand up the infrastructure a service or microservice demands.

HashiCorp, Inc. has been acquired by International Business Machines Corporation, as of February 27th, 2025, and will be integrated into the IBM organization. HashiCorp holds a SOC 2 Type 2 report and ISO 27001, ISO 27017 and ISO 27018 certifications. HashiCorp hires external third parties to perform regular security assessment and penetration testing of its products. HashiCorp provides Long-Term Support releases for certain commercial products. LTS versions let customers stay on a supported major version for up to two years at a time, and HashiCorp promises to backport critical fixes and security patches. HashiCorp Authenticode signs Microsoft Windows executables and code signs Apple macOS executables.[1][9][10][13][14]

HashiCorp on the record

Sources

HashiCorp full record

  1. [1]hashicorp.comHashiCorp · hashicorp.com · undated page, accessed October 21, 2026 · Tier A
  2. [2]AboutHashiCorp · hashicorp.com · undated page, accessed October 21, 2026 · Tier A
  3. [3]PressHashiCorp · hashicorp.com · undated page, accessed October 21, 2026 · Tier A
  4. [4]HashiCorp | An IBM CompanyHashiCorp · undated page, accessed November 10, 2026 · Tier A
  5. [5]HCP Brand Guidelines - Product LogosHashiCorp · undated page, accessed November 10, 2026 · Tier A
  6. [6]HashiCorp Product PricingHashiCorp · undated page, accessed November 10, 2026 · Tier A
  7. [7]Topics in the Security categoryHashiCorp · published October 29, 2026 · Tier A
  8. [8]Security with HashiCorp and Microsoft AzureHashiCorp · undated page, accessed November 10, 2026 · Tier A
  9. [9]HashiCorp - athenahealthHashiCorp · undated page, accessed November 10, 2026 · Tier A
  10. [10]HashiCorp - AGL EnergyHashiCorp · undated page, accessed November 10, 2026 · Tier A
  11. [11]HashiCorp - Vodafone ItalyHashiCorp · undated page, accessed November 10, 2026 · Tier A
  12. [12]Privacy at HashiCorpHashiCorp · published April 20, 2026 · Tier A
  13. [13]Security at HashiCorpHashiCorp · undated page, accessed November 10, 2026 · Tier A
  14. [14]Technical Support Services and PoliciesHashiCorp · undated page, accessed November 10, 2026 · Tier A
  15. [15]The Stack by HashiCorpHashiCorp · published October 27, 2026 · Tier A
  16. [16]IBM Terraform (formerly HashiCorp Terraform) Reviews 2026G2 · undated page, accessed November 10, 2026 · Tier C

Keeper Security full record

  1. [1]keepersecurity.comKeeper Security · keepersecurity.com · undated page, accessed November 5, 2026 · Tier A
  2. [2]Company password manager demoKeeper Security · keepersecurity.com · undated page, accessed November 5, 2026 · Tier A
  3. [3]Keeper Security | Identity Security for Humans, Machines and AI AgentsKeeper Security · undated page, accessed November 10, 2026 · Tier A
  4. [4]How Keeper Secures Passwords, Secrets and AccessKeeper Security · undated page, accessed November 10, 2026 · Tier A
  5. [5]Enterprise Password Management | Keeper SecurityKeeper Security · undated page, accessed November 10, 2026 · Tier A
  6. [6]Secure Remote Database Access - Keeper SecurityKeeper Security · undated page, accessed November 10, 2026 · Tier A
  7. [7]Keeper Security Features for Passwords, Secrets and AccessKeeper Security · undated page, accessed November 10, 2026 · Tier A
  8. [8]Keeper Security Tenable IntegrationKeeper Security · undated page, accessed November 10, 2026 · Tier A
  9. [9]Role-Based Access Control (RBAC) for Credentials | KeeperKeeper Security · undated page, accessed November 10, 2026 · Tier A
  10. [10]Enforce Two-Factor Authentication with KeeperKeeper Security · undated page, accessed November 10, 2026 · Tier A
  11. [11]Smartwatch Two-Factor Authentication with Keeper DNAKeeper Security · undated page, accessed November 10, 2026 · Tier A
  12. [12]Keeper Security Surpasses 100,000 Enterprise Customers as Organizations Consolidate Identity Security Solutions in the Agentic Era - Keeper Security Blog - Cybersecurity News & Product UpdatesKeeper Security Blog · published October 6, 2026 · Tier A
  13. [13]What's New With Keeper | June 2026Keeper Security Blog · published June 4, 2026 · Tier A
  14. [14]Self-Managed Keeper Brings Zero-Trust Privileged Access Management to Air-Gapped and Critical Infrastructure Environments - Keeper Security Blog - Cybersecurity News & Product UpdatesKeeper Security Blog · published November 5, 2026 · Tier A
  15. [15]Keeper Business Password Manager Reviews 2026G2 · undated page, accessed November 10, 2026 · Tier C

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