India: Hasura raises $25m Series B funding led by Lightspeed

Photo: Mint

San Francisco and Bengaluru-based developer tooling startup Hasura Wednesday announced that it has raised $25 million in Series B funding led by Lightspeed Venture Partners (US).

The round also saw the participation of existing investors Vertex Ventures US, Nexus Venture Partners, Strive VC and SAP.iO Fund, and new angel investors including John Thomspon, the current chairman of Microsoft, the startup said in a statement.

With the latest financing, Hasura’s total funding stands at $36.5 million.

Hasura said it will use the funds to accelerate its hiring and investment in its open-source and commercial product development to support its millions of users.

“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,” said Gaurav Gupta, partner at Lightspeed Venture Partners and Hasura board member.

Founded in 2017 by Tanmai Gopal and Rajoshi Ghosh, Hasura’s range of data access solutions helps organizations accelerate product delivery by instantly connecting data and services to applications with GraphQL APIs.

“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,” said Hasura co-founder and CEO Tanmai Gopal.

Hasura raised $9.9 million in a Series A funding round led by Vertex Ventures US this February. The round had also seen the participation of SAP.iO Fund, the early-stage venture arm of SAP, as well as existing investors Nexus Venture Partners and Strive VC.

Hasura raised $1.6 million in its seed round led by venture capital firms Nexus Venture Partners and GREE Ventures, which has since been renamed STRIVE, in April 2018.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.