Hasura turns unicorn after raising $100Mn
By MYBRANDBOOK
Software firm Hasura, which makes web app development faster, has raised $100 million at a valuation of a billion dollars led by Greenoaks Capital. The deal makes Hasura India’s eighth unicorn in 2022.
The company plans to use the funding to accelerate research and development and expand go-to-market activities globally for the company’s GraphQL engine, which makes it fast and easy for even those with zero GraphQL expertise to compose a GraphQL API from existing APIs and databases.
CEO Tanmai Gopal said, “This funding enables Hasura to greatly increase our innovation velocity, which in turn allows our rapidly expanding user base to deliver software even faster.
She further said, “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. 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.”
Hasura cuts down the time and expertise required to build GraphQL APIs for data access. GraphQL is an open-source language for queries originally developed by Facebook. Hasura helps make APIs more flexible and cuts down app development time by automating repetitive functions involved in mapping models to APIs with common access patterns like pagination, filtering, joining, setting up authorisation rules, and optimising performance.
Hasura claims it has been downloaded more than 400 million times and has earned more than 25,000 GitHub stars since its inception in 2018.
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