Hasura develops the open-source Hasura GraphQL Engine, which converts virtually any database into a GraphQL API. Its managed cloud product grew tenfold last year and the company counts customers such as Airbus, Atlassian, BBVA, Netlify, Pipe, Swiggy and Walmart. Hasura is seeing traction in financial services, manufacturing and healthcare as enterprises seek to modernize legacy systems, while startups use the service to accelerate development and focus on business logic and user experience. The company raised a $100 million Series C led by Greenoaks, bringing total funding to $136.5 million and valuing the company at $1 billion. Hasura plans to use the funds to accelerate R&D, expand go-to-market activities globally, and invest in its open source user and contributor community. Leadership frames the product as a way to remove developer bottlenecks around data access by automating secure, flexible GraphQL APIs across diverse data sources. Hasura develops an open-source engine that instantly exposes GraphQL APIs over existing databases to help developers build applications on relational data. The service originally supported PostgreSQL and has recently added MySQL support, with SQL Server available in early access. Many of its users are in healthcare and financial services and use Hasura to connect legacy systems to modern applications. The company also launched a fully managed cloud service that complements its paid Pro enterprise offering. Hasura plans to use new funding to add support for more databases and to address hard technical problems like cross-database joins and application-level data caching. The company said it will invest in company building, growing go-to-market and engineering teams and making senior hires. Hasura builds an open-source service that discovers databases, requires minimal configuration, and generates a performant, secure GraphQL API for application developers. The product aims to remove manual work back-end developers face when connecting data sources for front-end GraphQL usage. The team originally focused on simplifying Kubernetes but pivoted to address data access challenges with GraphQL. The offering functions like a Data-as-a-Service API and has been downloaded more than 29 million times. Hasura plans to monetize via an enterprise version that is currently in testing. The San Francisco-based company has 40 employees and expects headcount to rise over the next year with the new funding. It intends to expand the tool’s capabilities and support a wider range of database types. Hasura offers a managed Kubernetes solution built for developers, layering developer tooling and APIs on top of Postgres to accelerate application development. The company aims to be a "last mile" platform that not only manages Kubernetes clusters but also automates repetitive code-writing so teams can build faster. Hasura’s approach bundles cluster management with developer-facing tools so teams can create cloud-native, portable and elastic applications without deep Kubernetes expertise. The team says this reduces the need for developers to build underlying code for every application and helps get projects up and running quickly. Hasura launched last year and is split between Bangalore and San Francisco. The company recently closed a seed financing to fund those efforts.

Total raised

$137M

Funding rounds

4

Latest round

Series C

Latest activity

Feb 2022