Graphql Developer Platform Hasura Raises $100M Series C

Feb 22, 2022•over 3 years ago

Amount Raised

$100 Million

Round Type

series c

Software

Description

Hasura, the company behind the popular open-source Hasura GraphQL Engine that can turn virtually any database into a GraphQL API, today announced that it has raised a $100 million Series C funding round led by Greenoaks. Previous investors Nexus Venture Partners, Lightspeed Venture Partners and Vertex Ventures also participated in this round, which brings the company’s total funding to $136.5 million and its valuation to $1 billion.

Company Information

Company

Hasura

About

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.

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