Total amount raised
$136.5 Million
Latest funding date
2/1/2022
Location
Hasura has successfully raised funding over four rounds, with the latest being a Series C round. The company is backed by notable investors, including STRIVE, Vertex Ventures, and Greenoaks.
Keep reading to explore the intricacies of Hasura's fundraising journey and the investors backing this innovative platform.
What Is Hasura?
Hasura is a software technology company based in Bangalore, Karnataka, India. It specializes in developer-focused tooling products, including solutions for Cloud Infrastructure, Developer APIs, Developer Tools, Open Source, and Software.
Founded with the aim of making data access and usage effortless, Hasura has grown to employ between 101-250 people. The company is known for its products like PromptQL for AI and Hasura for APIs and GraphQL, which are highly regarded by developers and power millions of user experiences.
How Much Funding Has Hasura Raised?
- Seed Round
- Amount Raised: USD 1,600,000
- Date: April 2018
- Lead Investors: Nexus Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial capital to develop the product and establish the company.
- Series A
- Amount Raised: USD 9,900,000
- Date: February 2020
- Lead Investors: Vertex Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Typically used for product development and market entry.
- Series B
- Amount Raised: USD 25,000,000
- Date: September 2020
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely for scaling operations and further development of their products.
- Series C
- Amount Raised: USD 100,000,000
- Date: February 2022
- Lead Investors: Greenoaks
- Valuation at Round: USD 1 billion
- Motivation Behind the Round: To accelerate R&D efforts, expand globally, and invest in the open-source community.
Total Amount Raised: USD 136,500,000. Current Valuation: USD 1 billion.
Key Investors
- Greenoaks
- Details: Greenoaks is a global investment firm that partners with technology companies. They focus on high-growth technology companies with the potential to become market leaders.
- 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.
- 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 that invests in early-stage technology and healthcare opportunities.
- Investment Focus Areas: Technology, healthcare sectors.
- Notable Investments: Grab, PatSnap, Waze.
- Nexus Venture Partners
- Details: Nexus Venture Partners is a venture capital firm that invests in early and growth-stage companies across various sectors.
- 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, driven by the increasing demand for its GraphQL platform. The company is poised to capitalize on opportunities in financial services, manufacturing, and healthcare sectors, where the need for modernizing legacy systems and integrating diverse data sources is paramount. With a diverse customer base and a valuation of $1 billion, the potential for expansion is vast.
Future fundraising opportunities seem promising as Hasura continues to scale its operations and enhance its product offerings. The recent $100 million Series C funding round underscores investor confidence, suggesting that additional rounds could be on the horizon to support further R&D and global market expansion.
However, Hasura may face challenges such as managing the complexity of integrating various data sources, ensuring platform security and scalability, and competing with other data integration and API management solutions. Navigating these hurdles will be crucial for maintaining its growth trajectory and market position.
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