CISO Tribune

Vendor comparison · 2 companies

HashiCorp vs Palo Alto Networks

HashiCorp sells The Infrastructure Cloud, an integrated platform that turns Infrastructure Lifecycle Management and Security Lifecycle Management into code. Palo Alto Networks sells network security, security operations, cloud security, identity security, AI security and observability platforms, along with threat intelligence and incident response services. CISO Tribune files both under Privileged access management. 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
  • Palo Alto Networks
HashiCorp vs Palo Alto Networks: 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.comPalo Alto NetworksPalo Alto Networks sells network security, security operations, cloud security, identity security, AI security and observability platforms, along with threat intelligence and incident response services.paloaltonetworks.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.
  • Strata[1][12][21]A network security platform built for Zero Trust and powered by AI.
  • Next-Generation Firewalls[20]Physical appliances and virtualized firewalls that can be managed with Panorama.
  • Cortex XSIAM[22]A security operations platform used by Abraxas.
  • Cortex XCOR[12]An AI-driven platform for observability.
  • Cortex Cloud[1][23]A cloud security product that unifies posture, runtime and investigation workflows.
  • Idira[1][11][12][25]An identity security product for human, machine and agentic identities.
  • Prisma AIRS[26][27]An AI security platform for enterprise AI applications and LLM deployments.
  • Prisma AIRS AI Gateway[27]A product that brings AI governance, identity and runtime controls together.
Categories
Headquarters
Not stated on its pagesSanta Clara, United States[24]
Founded
2012[2]2005[4][24]
Ownership and funding
Owned by IBM since 2025[3][6][11][12][15][16]Public (NASDAQ: PANW)[2][9][13][15][18][19][21][22][30][32][33]
Named customers
Not stated on its pages
  • Village Roadshow[5]
  • Banco Inter[6]
  • State of Louisiana[7]
  • Boyne Resorts[8]
Recent news
  • October 27, 2026HashiCorp introduced the Terraform Developer Portal in public preview, according to a post listed on its Terraform blog.[15]
  • September 22, 2026Palo Alto Networks announced a new service that lets enterprises continuously find and fix exposures before attackers weaponize them.[17]
  • September 1, 2026Palo Alto Networks acquired Console, an AI-native platform that adds agentic capabilities to security operations workflows.[9]
  • September 1, 2026Palo Alto Networks reported fiscal fourth-quarter 2026 revenue of $3.41 billion, up 34% year over year.[10]
  • May 29, 2026Palo Alto Networks announced it has closed its acquisition of Portkey, a company focused on AI Gateways.[30]
  • May 12, 2026Palo Alto Networks launched Idira, an identity security platform for discovering, controlling and governing human, machine and agentic identities.[11]
G2 and Gartner Peer Insights
  • G2: listed, seen November 10, 2026[16]
  • Gartner Peer Insights: Not stated on its pages
  • G2: Not stated on its pages
  • Gartner Peer Insights: listed, seen November 4, 2026[19]
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, Palo Alto Networks sells network security for branch offices, data centers, public cloud environments and mobile networks. Its customer stories name a tire manufacturer headquartered in India and a provider of IT solutions for the public sector in Switzerland. That provider has state and local government organisations under management. Its pages describe operational technology security for networks that manage physical hardware across manufacturing plants and water utilities, and cover healthcare delivery organizations such as hospitals and clinics.
Last verified
October 21, 2026October 10, 2026

Where they overlap

  • HashiCorp and Palo Alto Networks are both filed under Privileged access management.

Where they differ, field by field

  • HashiCorp's primary category is Privileged access management; Palo Alto Networks's is Firewalls and NGFW.
  • HashiCorp is also filed under Non-human identity security and Secrets detection. Palo Alto Networks is also filed under Cloud-native application protection (CNAPP) and EDR and XDR.
  • HashiCorp lists Vault, Boundary, HCP Terraform, Terraform Enterprise, Infragraph and 2 more. Palo Alto Networks lists Strata, Next-Generation Firewalls, Cortex XSIAM, Cortex XCOR, Cortex Cloud and 3 more.
  • Palo Alto Networks is headquartered in Santa Clara, United States.
  • HashiCorp was founded in 2012. Palo Alto Networks was founded in 2005.
  • HashiCorp is owned by IBM, since 2025. Palo Alto Networks is a public company listed on NASDAQ as PANW.
  • Palo Alto Networks publicly names Village Roadshow, Banco Inter, State of Louisiana and Boyne Resorts.

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: Palo Alto Networks

What Strata does[1][12][21]
Palo Alto Networks says the Strata Network Security Platform is built for Zero Trust and powered by AI. Palo Alto Networks says Strata proactively monitors, analyzes and prevents sophisticated threats in real time.
What Next-Generation Firewalls does[20]
Palo Alto Networks offers next-generation firewalls as physical appliances and virtualized firewalls. They can be managed individually or centrally using Panorama, and Strata Cloud Manager supports them. Palo Alto Networks says its NGFW uses App-ID technology to classify applications across all ports.
What Cortex XSIAM does[22]
Abraxas says Cortex XSIAM unites SIEM and EDR in one integrated solution. Cortex XSIAM provides SecOps across 3,000 clients and in-house Abraxas devices.
What Prisma AIRS does[26][27]
Prisma AIRS is an AI security platform designed to secure the entire enterprise AI ecosystem and to protect AI applications and LLM deployments. Prisma AIRS offers deployment modes such as Network Intercept and API Intercept.
What Prisma AIRS AI Gateway does[27]
Prisma AIRS AI Gateway brings AI governance, identity and runtime controls together in one place. Prisma AIRS AI Gateway intercepts and optimizes agentic traffic while inspecting and securing communications to protect agents from attacks.

Questions about HashiCorp and Palo Alto Networks

What do HashiCorp and Palo Alto Networks sell?
HashiCorp sells Vault, Boundary, HCP Terraform, Terraform Enterprise, Infragraph and 2 more. Palo Alto Networks sells Strata, Next-Generation Firewalls, Cortex XSIAM, Cortex XCOR, Cortex Cloud and 3 more.
Are HashiCorp and Palo Alto Networks in the same category?
They share Privileged access management. HashiCorp's primary category is Privileged access management and Palo Alto Networks's is Firewalls and NGFW.
Where are HashiCorp and Palo Alto Networks headquartered?
Palo Alto Networks is headquartered in Santa Clara, United States.
When were HashiCorp and Palo Alto Networks founded?
HashiCorp was founded in 2012. Palo Alto Networks was founded in 2005.
Who owns HashiCorp and Palo Alto Networks?
HashiCorp is owned by IBM, since 2025. Palo Alto Networks is a public company listed on NASDAQ as PANW.
Which customers do HashiCorp and Palo Alto Networks name?
Palo Alto Networks publicly names Village Roadshow, Banco Inter, State of Louisiana and Boyne Resorts.
Who are HashiCorp and Palo Alto Networks 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, Palo Alto Networks sells network security for branch offices, data centers, public cloud environments and mobile networks.
What have HashiCorp and Palo Alto Networks announced recently?
October 27, 2026: HashiCorp introduced the Terraform Developer Portal in public preview, according to a post listed on its Terraform blog. September 22, 2026: Palo Alto Networks announced a new service that lets enterprises continuously find and fix exposures before attackers weaponize them.

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

Palo Alto Networks full record

  1. [1]paloaltonetworks.comPalo Alto Networks · paloaltonetworks.com · undated page, accessed September 27, 2026 · Tier A
  2. [2]Palo alto networks to announce fiscal second quarter 2026 financial results on tuesday february 17 2026Palo Alto Networks · paloaltonetworks.com · published February 3, 2026 · Tier A
  3. [3]Panw 20250731Palo Alto Networks via SEC EDGAR · sec.gov · published July 31, 2025 · Tier A
  4. [4]Palo alto networks global identity operations faqPalo Alto Networks · paloaltonetworks.com · undated page, accessed October 10, 2026 · Tier A
  5. [5]Village roadshow fortifies entertainment empire with ai powered cybersecurityPalo Alto Networks · paloaltonetworks.com · undated page, accessed October 10, 2026 · Tier A
  6. [6]Banco inter resolves cases faster with cortex xsiamPalo Alto Networks · paloaltonetworks.com · undated page, accessed October 10, 2026 · Tier A
  7. [7]Louisiana scales security using ai driven cortex xsiamPalo Alto Networks · paloaltonetworks.com · undated page, accessed October 10, 2026 · Tier A
  8. [8]Boyne resorts achieves game changing soc improvements with cortex xsiam and unit 42 mdrPalo Alto Networks · paloaltonetworks.com · undated page, accessed October 10, 2026 · Tier A
  9. [9]Palo alto networks acquires console to agentify securityPalo Alto Networks · paloaltonetworks.com · published September 1, 2026 · Tier A
  10. [10]Palo alto networks reports fiscal fourth quarter and fiscal year 2026 financial resultsPalo Alto Networks · paloaltonetworks.com · published September 1, 2026 · Tier A
  11. [11]Palo alto networks introduces idira the next generation identity security platform built for the ai enterprisePalo Alto Networks · paloaltonetworks.com · published May 12, 2026 · Tier A
  12. [12]Leader in Cybersecurity Protection & Software for the Modern Enterprises - Palo Alto NetworksPalo Alto Networks · undated page, accessed October 27, 2026 · Tier A
  13. [13]Advanced Threat Prevention - Palo Alto NetworksPalo Alto Networks · undated page, accessed October 27, 2026 · Tier A
  14. [14]Legitimate SaaS Platforms Being Used to Host Phishing AttacksPalo Alto Networks · undated page, accessed October 27, 2026 · Tier A
  15. [15]Palo Alto Networks Completes Chronosphere Acquisition, Unifying Observability and Security for the AI EraPalo Alto Networks · published January 29, 2026 · Tier A
  16. [16]Palo Alto Networks to Acquire Portkey to Secure the Rise of AI AgentsPalo Alto Networks · published April 30, 2026 · Tier A
  17. [17]Palo Alto Networks Delivers Anthropic's Mythos and OpenAI's GPT-5.6 to Customers with Unit 42 Continuous Frontier AI DefensePalo Alto Networks · published September 22, 2026 · Tier A
  18. [18]Palo Alto Networks Next-Generation Firewalls Reviews & Product DetailsG2 · undated page, accessed October 27, 2026 · Tier C
  19. [19]Palo Alto Networks Reviews, Ratings & Features 2026 - GartnerGartner Peer Insights · undated page, accessed October 27, 2026 · Tier C
  20. [20]Next-Generation Firewalls - Product Selection - Palo Alto NetworksPalo Alto Networks · undated page, accessed November 4, 2026 · Tier A
  21. [21]Next-Generation Firewalls - Palo Alto NetworksPalo Alto Networks · undated page, accessed November 4, 2026 · Tier A
  22. [22]Abraxas unlocks agile, AI-powered SecOps across the Swiss public sector using Cortex XSIAM - Palo Alto NetworksPalo Alto Networks · undated page, accessed November 4, 2026 · Tier A
  23. [23]Navigate the Cortex Cloud Runtime Security docs | Cortex Documentation PortalPalo Alto Networks · undated page, accessed November 4, 2026 · Tier A
  24. [24]Apollo Tyres unifies security and slashes MTTR with Palo Alto Networks - Palo Alto NetworksPalo Alto Networks · undated page, accessed November 4, 2026 · Tier A
  25. [25]Authorized Training Partners - Palo Alto NetworksPalo Alto Networks · undated page, accessed November 4, 2026 · Tier A
  26. [26]Prisma AIRS - Palo Alto NetworksPalo Alto Networks · undated page, accessed November 4, 2026 · Tier A
  27. [27]The AI Control Plane for the Enterprise - Palo Alto NetworksPalo Alto Networks · undated page, accessed November 4, 2026 · Tier A
  28. [28]What Is Healthcare Cybersecurity? - Palo Alto NetworksPalo Alto Networks · undated page, accessed November 4, 2026 · Tier A
  29. [29]What Is OT Security? Definition, Architecture & Guide - Palo Alto NetworksPalo Alto Networks · undated page, accessed November 4, 2026 · Tier A
  30. [30]Palo Alto Networks Completes Acquisition of Portkey to Secure AI AgentsPalo Alto Networks · published May 29, 2026 · Tier A
  31. [31]Palo Alto Networks Announces Intent to Acquire Koi to Secure the Agentic EndpointPalo Alto Networks · published February 17, 2026 · Tier A
  32. [32]Palo Alto Networks Completes Acquisition of CyberArk to Secure the AI EraPalo Alto Networks · published February 11, 2026 · Tier A
  33. [33]Palo Alto Networks Completes Acquisition of Koi to Secure the Agentic EndpointPalo Alto Networks · published April 14, 2026 · Tier A

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