Hasura Announces $9.9M in Series A Funding to Accelerate Product & Data Delivery Using GraphQL
02/26/20, 1:51 PM
Money raised
$9 million
Industry
software
Round Type
series a
Hasura, the San Francisco and Bangalore-based company providing data access and data flow tools and services via GraphQL APIs announced today that it has raised $9.9 million in Series A funding led by Vertex Ventures US. The round also saw participation from SAP.iO Fund, the early-stage venture arm of SAP, existing investors Nexus Venture Partners and Strive VC. Several angels also participated, including James Tamplin (founder of Firebase), Sam Lambert (VP of Infrastructure Engineering at GitHub), Amod Malvia (co-founder of Udaan, ex CTO Flipkart), and Michael Stoppelman (ex-SVP of Engineering at Yelp).
Company Info
Additional Info
As Hasura CEO and co-founder Tanmai Gopal told me, the company has seen its growth accelerate over the course of the last 18 months since it raised its $25 million Series B round. Its customers now include the likes of Airbus, Atlassian, BBVA, Netlify, Pipe, Swiggy and Walmart and Gopal noted that the company is seeing a lot more legacy companies come on board that are looking to modernize their development stack. So while those startups may not have to manage quite as much data, they still have to integrate a lot of different data sources and APIs into their own products, even if that’s not what ultimately differentiates them from their competition.“Managed GraphQL servers completely change how developers access data and are building applications fast,” Greenoaks partner Neil Shah said. ”Shah started building his relationship with the Hasura team around the time the company announced its Series B round, he told me, which helped him to get to know the team and product quite well before investing.