Funding News

Nexus backed Hasura Secures $9.9 Mn in Series A Funding Round

Hasura, a San Francisco and Bengaluru based software technology company, announced on Wednesday that it has raised $9.9 Mn in a series A round.

Investment firm Vertex Ventures US spearheaded the funding round. Early-stage venture arm of SAP as well as existing investors Nexus Venture Partners and Strive VC also participated in the round.

Several independent angel investors including Almod Malvia (co-founder of Udaan, ex CTO Flipkart), James Tamplin (founder of Firebase) and Michael Stoppelman (ex-SVP of Engineering at Yelp) also took part in the round.

Hasura will use the latest fund proceedings to invest heavily in R&D and product development, mainly for offering seamless integration with databases and other data resources. Additionally, it will also use funds for hiring talent across marketing and sales departments.

Hasura has an amazing fit with Postgres and the Postgres vendor ecosystem including new age distributed SQL Postgres vendors,” said Tanmai Gopal, CEO and co-founder at Hasura. “While we double down on the Postgres ecosystem, these funds will help us bring the Hasura and GraphQL experience to other databases to mobilize data in organizations by making high-performance and secure data access a reality.”

Hasura essentially provides data access and data flow tools and services to software developers through GraphQL APIs. The company claims that its GraphQL APIs makes data access immensely easy & thereby helps in accelerating final product delivery.

The company further claims that its technology is empowered by a highly concurrent just-in-time compiler and can process GraphQL queries & seamlessly map them into queries to multiple underlying systems.

The company envisions a world where data access becomes fast, secure and scalable – making data delivery just another piece of infrastructure.

The startup is founded by Tanmai Gopal and Rajoshi Ghosh. It had raised seed funding of $1.6 Mn in April, 2018. Nexus Venture Partners and GREE Ventures spearheaded the seed funding round.

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