CISO Tribune

Vendor comparison · 2 companies

HashiCorp vs Permiso

HashiCorp sells The Infrastructure Cloud, an integrated platform that turns Infrastructure Lifecycle Management and Security Lifecycle Management into code. Permiso's Universal Identity Graph connects every identity to the credentials it owns, the machines it creates, the agents it runs and every action it takes in real time. CISO Tribune files both under 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
  • Permiso
HashiCorp vs Permiso: 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.comPermisoPermiso's Universal Identity Graph connects every identity to the credentials it owns, the machines it creates, the agents it runs and every action it takes in real time.permiso.io
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.
  • Permiso Discover[3]Provides an inventory of human, non-human and AI identities wherever they live.
  • Permiso Protect[3]Evaluates the risk posture of identities based on usage patterns, exposure and entitlements.
  • Universal Identity Graph[3][11]Connects every identity to the credentials it owns, the machines it creates and the agents it runs.
  • Identity Threat Detection and Response[7]Detects threats to human and non-human identities across environments.
  • Identity Runtime Attribution[3]Ties agent runs, events and tool calls to the identity behind them.
  • SandyClaw[11]Runs agent skills in a controlled sandbox.
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]Owned by Okta since 2026[2][5]
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]
  • July 30, 2026Okta said it signed a definitive agreement to acquire Permiso Security, a startup whose software detects attackers abusing identities across cloud, SaaS and AI agent environments.[14]
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: 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.Its platform is described for identities across cloud, SaaS and on-prem environments. Permiso presents its tools to security teams. Its watchlist capability is aimed at threats from employees, contractors and other trusted individuals.
Last verified
October 21, 2026November 2, 2026

Where they overlap

  • HashiCorp and Permiso are both filed under Non-human identity security.

Where they differ, field by field

  • HashiCorp's primary category is Privileged access management; Permiso's is Identity threat detection and response.
  • HashiCorp is also filed under Secrets detection. Permiso is also filed under Cloud detection and response.
  • HashiCorp lists Vault, Boundary, HCP Terraform, Terraform Enterprise, Infragraph and 2 more. Permiso lists Permiso Discover, Permiso Protect, Universal Identity Graph, Identity Threat Detection and Response, Identity Runtime Attribution and 1 more.
  • HashiCorp was founded in 2012.
  • HashiCorp is owned by IBM, since 2025. Permiso is owned by Okta, since 2026.

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: Permiso

What Permiso Discover does[3]
Permiso Discover gives enterprises an inventory of human, non-human and AI identities wherever they live. Permiso inventories identities and assesses exposure risk in identity providers, cloud service providers and SaaS applications.
What Permiso Protect does[3]
Permiso Protect continuously evaluates the risk posture of identities based on usage patterns, exposure and entitlements. Permiso Protect surfaces and quantifies high-risk identities, stale access and toxic combinations across human, vendor, AI and non-human accounts.
What Universal Identity Graph does[3][11]
The Universal Identity Graph connects every identity to the credentials it owns, the machines it creates, the agents it runs and every action it takes in real time. Permiso states that the chain stays unbroken from a human SSO login to a Lambda function to an MCP tool call. Permiso's Universal Identity Graph inventories identities in all cloud environments and assesses exposure risk.
What Identity Threat Detection and Response does[7]
Permiso provides identity threat detection and response for human and non-human identities across environments. The detection engine has 1500+ detection rules engineered by the P0 Labs team. Permiso detects access and behavioral anomalies in environments such as AWS, Azure, GCP, GitHub, Slack and Salesforce.
What Identity Runtime Attribution does[3]
Permiso launched AI agent runtime security, bringing Identity Runtime Attribution to every agent in production. Permiso ties every run, event and tool call to the identity behind it in real time. Every agent action is tied to a specific human, non-human or AI identity in real time and is preserved as a complete audit trail.
What SandyClaw does[11]
SandyClaw runs every skill in a controlled sandbox before it touches the environment. SandyClaw records every action, every tool call and every downstream request.

Questions about HashiCorp and Permiso

What do HashiCorp and Permiso sell?
HashiCorp sells Vault, Boundary, HCP Terraform, Terraform Enterprise, Infragraph and 2 more. Permiso sells Permiso Discover, Permiso Protect, Universal Identity Graph, Identity Threat Detection and Response, Identity Runtime Attribution and 1 more.
Are HashiCorp and Permiso in the same category?
They share Non-human identity security. HashiCorp's primary category is Privileged access management and Permiso's is Identity threat detection and response.
When were HashiCorp and Permiso founded?
HashiCorp was founded in 2012.
Who owns HashiCorp and Permiso?
HashiCorp is owned by IBM, since 2025. Permiso is owned by Okta, since 2026.
Who are HashiCorp and Permiso sold to?
Organizations can implement The Infrastructure Cloud through the HashiCorp Cloud Platform, self-managed solutions, or a combination, across a hybrid environment. Its platform is described for identities across cloud, SaaS and on-prem environments.
What have HashiCorp and Permiso announced recently?
October 27, 2026: HashiCorp introduced the Terraform Developer Portal in public preview, according to a post listed on its Terraform blog. July 30, 2026: Okta said it signed a definitive agreement to acquire Permiso Security, a startup whose software detects attackers abusing identities across cloud, SaaS and AI agent 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

Permiso full record

  1. [1]permiso.ioPermiso · permiso.io · undated page, accessed September 27, 2026 · Tier A
  2. [2]Okta signs definitive agreement to acquire permiso securityOkta · okta.com · published August 26, 2026 · Tier A
  3. [3]Detect and protect against human and non-human identity threats in real-timePermiso · undated page, accessed October 27, 2026 · Tier A
  4. [4]Identity Security Posture Management + Identity Threat Detection & ResponsePermiso · undated page, accessed October 27, 2026 · Tier A
  5. [5]Coverage across cloud environments to better secure the attack surfacePermiso · undated page, accessed November 10, 2026 · Tier A
  6. [6]Human and Non-Human Identity Inventory, Risk Posture and GovernancePermiso · undated page, accessed November 10, 2026 · Tier A
  7. [7]Identity Threat Detection and Response (ITDR) for Human and Non-Human IdentitiesPermiso · undated page, accessed November 10, 2026 · Tier A
  8. [8]How Permiso Detects Compromised Credentials In Your EnvironmentPermiso · undated page, accessed November 10, 2026 · Tier A
  9. [9]What Are Non-Human Identities? Complete Guide to NHI Security for 2025Permiso · undated page, accessed November 10, 2026 · Tier A
  10. [10]Non-Human Identity (NHI) Threat Detection and ResponsePermiso · undated page, accessed November 10, 2026 · Tier A
  11. [11]Secure Every AI Agent, Skill, and Action | PermisoPermiso · undated page, accessed November 10, 2026 · Tier A
  12. [12]Security - At Permiso, we don't take security lightlyPermiso · undated page, accessed November 10, 2026 · Tier A
  13. [13]Learn about how we make cloud zeros into cloud heroes | PermisoPermiso · undated page, accessed November 10, 2026 · Tier A
  14. [14]Okta to acquire Permiso Security in reported $200M identity security deal - SiliconANGLESiliconANGLE · published July 30, 2026 · Tier B

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