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Hasura raises USD 25 million in Series B funding

Mumbai: Hasura, a service that provides developers with an open-source engine that provides them a GraphQL API to access their databases on Wednesday said that it has raised a USD25 million Series B round led by Lightspeed Venture Partners. Previous investors Vertex Ventures US, Nexus Venture Partners, Strive VC and SAP.iO Fund also participated in this round.

Hasura is using the funding to accelerate its hiring and investment in its open source and commercial product development to support its millions of users.

In addition to the new funding, Hasura also announced that it has added support for MySQL databases. Until now, the company’s service only worked with PostgreSQL databases.

Hasura now supports three of the most popular database technologies. A great deal of valuable data lives inside existing MySQL and SQL Server databases, and developers want to access that data to build new applications. By expanding its support to more database types, Hasura makes it easy for developers to access that data with a modern GraphQL-based API with inbuilt security, scalability and governance.

“Data lives in lots of places, and in many different databases. We want our users to be able to access that data instantly with Hasura’s secure, scalable data access infrastructure so adding support for MySQL and SQL Server was our obvious next step. It opens up huge potential for all the developers who need to access the vast amounts of data that lives in MySQL and SQL Server today. Now they can enjoy instant data access with a modern GraphQL API, and Hasura’s built-in security, governance and scalability features will get their applications into production quickly and safely,” said Hasura co-founder and CEO Tanmai Gopal

‘We’re very impressed by how developers have taken to Hasura and embraced the GraphQL approach to building applications,”’said Gaurav Gupta, partner at Lightspeed Venture Partners and Hasura board member. ‘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.”

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