Hasura raises $100 million in Series C and secures unicorn status

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Software company Hasura turns unicorn with a $1 billion valuation following its $100 million Series C funding round led by Greenoaks Capital with participation from previous investors including Nexus Venture Partners, Lightspeed Venture Partners and Vertex Ventures, making it India’s tenth unicorn of 2022.

Headquartered in San Francisco and Bangalore, the company is on a mission to make data access fast, secure & scalable by instantly creating a GraphQL API by automating the repetitive work. “Managed GraphQL servers completely change how developers access data and are building applications fast,” said Greenoaks partner Neil Shah.

Hasura was founded in 2017 by Tanmai Gopal and Rajoshi Ghosh, and it now serves Fortune 500 corporations, fast-growing startups and product development agencies. Its customers include Airbus, Atlassian, BBVA, Netlify, Pipe, Swiggy and Walmart.

The new funding will allow the startup to make significant investments in open-source projects that depend on and that are adjacent to its platform, increasing engineering velocity, marketing activities, expanding the team, and in educational resources to help the community learn and get productive with GraphQL and Hasura.