Hasura Raised $100 Million, Become 10th Startup Unicorn of 2022

Hausra, a Bengaluru and US-based open-source engine, has raised $100 million in fresh funding led by Greeoaks capital. In the funding round, the existing investor Nexus Venture Partners, Lightspeed Partners and Vertex Ventures also participated.  

With this latest fundraise, Hasura becomes the tenth startup India’s unicorn of this year. It joins like the edtech firm Lead School, direct-to-consumer brand Mamaearth, analytic platform Fractal, social commerce platform Dealshare and HR tech player Drawinbox

The software company which helps developers with tools plans to use the funding to accelerate research and development and expand its go-to-market activities globally for its flagship GraphQL Engine, which make fast, flexible and developer-friendly. The Series C round funding brings the total capital raised by the company is $135 million. 

Hasura is designed to speed up mobile app development. It works on eliminating bottlenecks to data access for frontend and full-stack developers. 

“This funding enables Hasura to greatly increase our innovation velocity, which in turn allows our rapidly-expanding user base to deliver software even faster. With this funding round, Hasura investors and team are doubling our vision to solve the data access and unblock the next decade of developer productivity. We are going to be addressing the needs of our users by adding support for their favourite data system much faster,” said Tanmai Gopal, CEO of the company. 

Before this, the company had raised $25 million in September 2020, led by Lightspeed Venture Partners, with participation from existing investors Vertex Venture US, Strive VC, Nexus Venture Partner and SAP.iO fund. 

Hasura is an open-source platform that offers solutions to develop web and mobile applications faster. The company uses technology that speeds up development and improves productivity. The company claims that its solutions have been downloaded more than 400 million times. 

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