Total amount raised
$136.5 Millions
Latest funding date
Location
Hasura has successfully raised significant funding across multiple rounds, reaching the Series C stage. The platform offers a universal data access layer, enabling next-generation applications and AI to access data quickly and securely.
Keep reading to explore the intricacies of Hasura's fundraising journey and the investors backing this innovative platform.
What Is Hasura?
Founded in 2017, Hasura is a software technology company based in Bangalore, Karnataka, India. The company was established by Rajoshi Ghosh and Tanmai Gopal.
Hasura specializes in providing developer-focused tooling products, including a GraphQL Engine that offers GraphQL APIs over new or existing Postgres databases. This enables developers to access data quickly and securely, enhancing productivity.
With a team of 101-250 employees, Hasura continues to innovate in the field of data access and API management, supporting next-generation applications and AI.
How Much Funding Has Hasura Raised?
- Seed Round
- Amount Raised: $1.6M
- Date: April 2018
- Lead Investors: Nexus Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial setup and development.
- Series A
- Amount Raised: $9.9M
- Date: February 2020
- Lead Investors: Vertex Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely for growth and development.
- Series B
- Amount Raised: $25M
- Date: September 2020
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and address increasing complexity faced by enterprise developers.
- Series C
- Amount Raised: $100M
- Date: February 2022
- Lead Investors: Greenoaks
- Valuation at Round: $1 billion
- Motivation Behind the Round: To accelerate R&D, expand go-to-market activities globally, and invest in the open-source community.
Total Amount Raised: $136.5M. Current Valuation: $1 billion.
Key Investors
- Greenoaks
- Details: Greenoaks is a venture capital firm known for investing in high-growth technology companies. They led Hasura's $100 million Series C funding round.
- Investment Focus Areas: Technology, internet, software companies.
- Notable Investments: Discord, Robinhood, Stripe.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the enterprise and consumer sectors. They participated in Hasura's Series C round.
- Investment Focus Areas: Enterprise, consumer, health sectors.
- Notable Investments: Snapchat, Affirm, MuleSoft.
- Vertex Ventures
- Details: Vertex Ventures is a global network of venture capital funds, investing in early-stage technology and healthcare opportunities. They have been involved in multiple funding rounds for Hasura.
- Investment Focus Areas: Technology, healthcare, enterprise solutions.
- Notable Investments: Grab, PatSnap, FirstCry.
- Nexus Venture Partners
- Details: Nexus Venture Partners is a venture capital firm that invests in early and growth-stage companies across various sectors. They have been a consistent investor in Hasura.
- Investment Focus Areas: Technology, enterprise software, consumer internet, healthcare.
- Notable Investments: Postman, Druva, Unacademy.
What's Next for Hasura?
Hasura stands at the cusp of significant growth opportunities, driven by the increasing demand for GraphQL APIs and the need for efficient data access solutions. With $100 million in Series C funding, the company is poised to accelerate R&D, expand globally, and invest in the open-source community. This positions Hasura to serve both large enterprises and agile startups, modernizing development stacks and gaining traction in sectors like financial services, manufacturing, and healthcare.
Future fundraising seems promising as Hasura continues to demonstrate its value proposition, potentially attracting more investors to support its scaling efforts. However, the company must navigate challenges such as integrating various data sources, maintaining growth momentum, and competing with other API service providers. Ensuring security and flexibility while balancing the needs of diverse clients will be crucial for sustained success.
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