Tech startup Hasura nabs $9.9m funding led by Vertex Ventures US

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San Francisco and Bangalore-based developer tools startup Hasura on Wednesday announced that it has raised $9.9 million in a Series A funding round led by Vertex Ventures US.

The round also saw participation from SAP.iO Fund, the early-stage venture arm of SAP, as well as existing investors Nexus Venture Partners and Strive VC.

Several angel investors also participated, including James Tamplin (founder of Firebase), Sam Lambert (VP of Infrastructure Engineering at GitHub), Amod Malvia (co-founder of Udaan, former Flipkart CTO), and Michael Stoppelman (ex-SVP of Engineering at Yelp), Hasura said in a statement.

Hasura will use the capital raised to invest in engineering and product development, notably providing more ready-made integrations with databases and other data sources, in addition to hiring across sales and marketing.

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

Hasura provides data access and data flow tools and services via GraphQL APIs. The company claims to make data access easy and accelerates product delivery, by instantly composing a GraphQL API that is backed by databases and services so that the developer team (or API consumers) get immediately productive.

“Hasura makes it possible for front-end teams to use GraphQL and move fast without breaking things on the back-end,” said Sandeep Bhadra, Partner at Vertex Ventures US. “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.”

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.