Mitchell Hashimoto and Armon Dadgar’s company HashiCorp released Terraform in 2014. It describes infrastructure in declarative configuration files, keeps a state file of what exists, and uses providers to talk to every major cloud and SaaS API. That model made it the standard infrastructure-as-code tool.
Terraform reached 1.0 in 2021. In August 2023 HashiCorp moved it from the open-source MPL 2.0 to the Business Source License. The community answered with OpenTofu, an MPL-licensed fork under the Linux Foundation. IBM completed its acquisition of HashiCorp in 2025.
