Hasura, a San Francisco, CA-based Software-as-a-service startup, announced that it raised $100 million in Series C, bringing the total capital raised $136.5 million and its valuation to $1 billion.
The round was led by Greenoaks, with participation from existing investors Nexus Venture Partners, Lightspeed Venture Partners, Vertex Ventures, and STRIVE.
The company plans to use the funding to accelerate research and development and expand go-to-market activities globally for the company’s GraphQL engine, which makes it fast and easy for even those with zero GraphQL expertise to compose a GraphQL API from existing APIs and databases.
Company: Hasura Inc.
Round: Series C
Funding Month: February 2022
Lead Investors: Greenoaks
Additional Investors: Nexus Venture Partners, Lightspeed Venture Partners, Vertex Ventures and STRIVE
Company Website: https://hasura.io/
Software Category: GraphQL developer platform
About the Company: Hasura was open-sourced in July 2018, since then tens of thousands of developers have used Hasura to build their data layer for modern applications. Hasura makes software simplify and accelerate application development, making data access easy, by instantly composing a GraphQL API that is backed by databases and services so that the developer team (or API consumers) get immediately productive. The Hasura GraphQL Engine gives you instant, real-time, high-performance GraphQL on any Postgres application, existing or new. It also includes an event trigger system to help you build serverless apps. Hasura has been downloaded more than 400 million times and has earned more than 25,000 GitHub stars since its inception in 2018.
Source: https://hasura.io/blog/seriesc-100m-graphql-for-everyone/ https://www.business-standard.com/article/companies/saas-start-up-hasura-enters-unicorn-club-with-100-mn-series-c-funding-122022201209_1.html