ⓘ Image details: A file-photo of Hasura Co-founders, Tanmai Gopal (left) and Rajoshi Ghosh
The Bengaluru-based developer tools startup Hasura one Wednesday announced that it has raised $9.9 million funding in a Series A round led by Vertex Ventures US with participation from SAP.io Fund, an early-stage venture fund of SAP; with existing investors Nexus Venture Partners and Strive VC (formerly GREE Ventures). Some angel investors also participated in the round which includes James Tamplin (Founder of Firebase), Sam Lambert (VP of Infrastructure Engineering at GitHub), Amod Malvia (Co-founder of Udaan, and also ex-Flipkart CTO), and Michael Stoppelman (ex-SVP of Engineering of Yelp).
Started in 2017 by Tanmai Gopal and Rajoshi Ghosh, Hasura also has an office in California, and earlier raised $1.6 million from Nexus Venture Partners and Strive VC back in 2018.
The company in a statement said that it will deploy the fresh funds in engineering and product development to provide more ready-made integrations with databases and other data sources, and also hiring across sales and marketing verticals of the company.
In the words of Tanmai Gopal, CEO & Co-founder of Hasura…
“While we double down on the Postgres ecosystem, these funds will help us bring the Hasura and GraphQL experience to other databases to mobilise data in organizations by making high-performance and secure data access a reality.”
Affirming the idea and efficiency of Hasura, Sandeep Bhadra, Partner at Vertex Ventures US said…
“Hasura makes it possible for front-end teams to use GraphQL and move fast without breaking things on the back-end,”
“We invested because of the incredible velocity of their product engineering, the tremendous community the founders built in such short order, and the pull from enterprises who want to empower their engineers to move with FAANG-like agility while supporting ops teams with performance management, security, and data access.”