Hasura, a San Francisco and Bengaluru-based startup that provides developer-focused tooling products, announced that it has raised $25 million in Series B funding led by Lightspeed Venture Partners. Existing investors Vertex Ventures US, Nexus Venture Partners, Strive VC and SAP.iO Fund also participated in the funding round.
As per ETtech report, John Thompson, Chairman of the Board at Microsoft, also participated in the funding round. Recently, the company raised $9.9 million in Series A funding, taking its overall fundraising to $36.5 million until now.
Hasura said it will use the fresh funding to accelerate its hiring and will invest in open source and commercial product development.
“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 Tanmai Gopal, cofounder and CEO at Hasura.
The company is also looking to enable cross-database linkages and adding support for more technologies. It recently launched a fully managed cloud-based version of its service, which works in tandem with other services it offers for enterprises.
“We’re very impressed by how developers have taken to Hasura and embraced the GraphQL approach to building applications. Particularly for front-end developers using technologies like React, Hasura makes it easy to connect applications to existing databases where all the data is without compromising on security and performance,” said Gaurav Gupta, partner at Lightspeed Venture Partners.
Founded in 2017 by Rajoshi Ghosh and Tanmai Gopal, Hasura builds developer tooling products, including open-source tools, backend as a service, and platform as a service product. The Hasura GraphQL Engine provides GraphQL APIs over new or existing Postgres databases. It makes data access easy, by instantly composing a GraphQL API that is backed by databases and services so that the developer team gets immediately productive.
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