- Hasura announced that it has raised Series B funding of about USD 25 million led by Lightspeed Venture Partners.
- The company added GraphQL support for MySQL and initial access assistance for SQL Server to its current support for PostgreSQL databases.
- The total amount invested by Hasura has raised to about USD 36.5 million.
Hasura Inc. is a start-up that offers developers an open-source engine that provides them a GraphQL API to access their databases. This data access infrastructure company lately declared that it had added GraphQL support for MySQL and initial access assistance for SQL Server to its current support for PostgreSQL databases. By expanding its support to more database types, Hasura makes it simpler for developers to access that data with a modern GraphQL API with inbuilt governance, security, and scalability.
Hasura announced that it had raised Series B funding of about USD 25 million led by Lightspeed Venture Partners. Earlier investors Nexus Venture Partners, Vertex Ventures US, Strive VC, and SAP.iO Fund also contributed to this series.
The new round was raised immediately after the COVID-19 outbreak started, which came within six months after the company announced its approximately USD 9.9 million Series A round. Therefore, the total amount raised by Hasura totals to about USD 36.5 million.
“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,” commented Tanmai Gopal, CEO and Co-founder of Hasura.
Gopal added, “MySQL support has long been at the top of the most requested features by the service’s users. Many of these users — who are often in the healthcare and financial services industry — are also working with legacy systems they are trying to connect to modern applications and MySQL plays an important role there, given how long it has been around.”
This announcement was made a few months after the company launched a fully managed cloud service that complements its current paid Pro services for businesses.
“We’re very impressed by how developers have taken to Hasura and embraced the GraphQL approach to building applications,” commented Gaurav Gupta, Partner at Lightspeed Venture Partners and Hasura Board Member.
Hasura is planning to use the new funding to tackle some of the tricky technical challenges and support more databases across the company’s application-level data caching system. “We’re also investing deeply in company building so that we can grow our GTM and engineering in tandem and making some senior hires across these functions,” commented Gopal.
About Hasura Inc.
Hasura is a leading software company that helps developers to build their data layer for modern applications. The company made the data access process easy by developing a GraphQL API that is backed by database and services. Hasura, in June 2020, launched Hasura Cloud, the first GraphQL service, which connects to multi-cloud data sources to boost the development of modern applications.