Hasura secured $25 Million in Series B Funding led by Lightspeed Venture Partners


Hasura, a California based data access infrastructure company, has recently secured $25 million in Series B funding round.

Hasura is founded by the Tanami Gopal and Rajoshi Ghosh in the year 2017. The company offers data access infrastructure to build globally relevant, APIs, and data-driven applications. Its range of data access solutions allows the organizations to accelerate product delivery by instantly collecting data and services to applications with the GraphQL APIs featuring security, scalability, and governance as standard features and support for the PostgreSQL, SQL Server, and MySQL.

Executive Opinion

Hasura co-founder and CEO Tanmai Gopal, said, "We’ve been seeing rapid enterprise traction in 2020. We’ve wanted to accelerate our efforts investing in the Hasura community and our cloud product that we recently launched and to ensure the success of our enterprise customers. Given the VC inbound interest, a fundraise made sense to help us step on the gas pedal and give us room to grow comfortably".

Gaurav Gupta, partner at Lightspeed Venture Partners and Hasura board member, said, "We’re very impressed by how developers have taken to Hasura and embraced the GraphQL approach to building applications. Particularly for front-end developers using technologies like React, Hasura makes it easy to connect applications to existing databases where all the data is without compromising on security and performance. Hasura provides a lovely bridge for re-platforming applications to cloud-native approaches, so we see this approach being embraced by enterprise developers as well as front-end developers more and more."

Hasura's Latest Funding

The round, which brought the total funding secured to $36.5 million, was backed by the Lightspeed Venture Partners.

The funding round also sees participation from existing investors that is Vertex Ventures US, Strive VC, SAP.IO, Nexus Venture Partners, and some other new angel investors which includes the John Thompson, the current chairman of the Microsoft.

The company, as of now, has plans to use the new funds to accelerate its hiring and investment in its open-source and commercial product development to support its millions of users.
PC: Pablo, Unsplash

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Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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