GraphQL provider Hasura announced that it has secured $100 million in a recent funding round, empowering the company to accelerate research and development to expand go-to-market activities globally for the company’s GraphQL Engine.
This round of funding was led by Greenoaks with participation from existing investors Nexus Venture Partners, Lightspeed Venture Partners, and Vertex Ventures.
The Series C round brings the total capital raised by Hasura to $136.5 million and the company’s valuation to $1 billion.
Hasura is designed to make web application development faster than ever by eliminating bottlenecks to data access for frontend and fullstack developers.
The platform cuts down the time and niche expertise required to build GraphQL APIs for data access by automating the repetitive work involved in mapping models to APIs with common access patterns like pagination, filtering, joining, setting up authorization rules, and optimizing performance.
With operational data increasingly distributed among multiple sources and developers consuming data in insecure and unauthorized compute environments, Hasura provides data APIs that are able to connect to multiple services and data sources, embed domain-specific authorization logic, and provide the necessary security and performance/concurrency, according to the vendor.
“Over the last few years, we’ve worked closely with our users and customers to address a massive gap in delivering and consuming data via an API standard that developers love—GraphQL,” said Hasura CEO Tanmai Gopal. “With this funding round, our investors and the Hasura team are doubling down on our vision to solve data access and unlock the next decade of developer productivity. We’re going to be addressing the needs of our users by adding support for their favorite data systems much faster. The Hasura GraphQL Engine lets developers of all types, regardless of their GraphQL experience, start building GraphQL APIs without delay. We look forward to seeing what amazing things they build next using Hasura!”
For more information about this news, visit https://hasura.io.