GraphQL developer platform Hasura has secured $100 million in funding in a round 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 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.
Hasura is designed to make web application development faster than ever before 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.
Hasura has been downloaded more than 400M times and has earned more than 25,000 GitHub stars since its introduction in 2018.