Hasura Valuation, Funding & Investors

Hasura is valued at $1B as of February 2022.

Last Hasura valuation

$1B

Series C · Feb 2022

Last Hasura funding round

$100M

Series C · Feb 2022

Cumulative funding Hasura raised

$137M

across 4 funding rounds

Key investors in Hasura

  • Nexus Venture Partners
  • STRIVE
  • Lightspeed Venture Partners
  • Vertex Ventures
  • SAP.iO
  • Greenoaks

Hasura Overview

About Hasura

Hasura is a San Francisco and Bangalore-based provider of the Hasura GraphQL Engine, an open-source tool that generates instant GraphQL APIs over Postgres databases and other data sources. Launched in 2018, it enables real-time subscriptions, fine-grained access control, and integrations with services like Kafka and BigQuery. The company offers Hasura Cloud for managed deployments and serves enterprises building backend APIs.


Founded

2017

HQ

IndiaBangalore

Website

hasura.io

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$1B (Feb 2022)

Hasura Valuation

Hasura is currently valued at $1B, based on its Series C in February 2022.

The $100M round was led by Greenoaks, with participation from Vertex Ventures, STRIVE, Lightspeed Venture Partners and Nexus Venture Partners.

Hasura valuation by funding round

Hasura valuation by funding round
DateStageValuation
Feb 2022Series C$1B

Hasura Funding History

Hasura has raised a total of $137M across 4 funding rounds.

Hasura's first fundraising round was a $2M seed round in April 2018. The most recent completed round was a $100M Series C in February 2022.

Hasura funding rounds

Hasura funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2022Series CGreenoaks (lead); Vertex Ventures; STRIVE; Lightspeed Venture Partners; Nexus Venture Partners$100M$1BHasura Inc. is a developer-focused software company that commercializes an open-source GraphQL development platform. The company's flagship product, the Hasura GraphQL Engine, enables developers to easily compose GraphQL APIs from existing APIs and databases, democratizing access to data regardless of GraphQL expertise. The platform includes features such as dashboard monitoring for query performance, result caching for frequently used queries, and support for multiple data sources. In February 2022, Hasura announced a Series C funding round of $100 million led by Greenoaks Capital, with participation from existing investors Nexus Venture Partners, Lightspeed Venture Partners, and Vertex Ventures. This round valued the company at $1 billion, making it a unicorn and the tenth startup to join India's unicorn club that year. Including this investment, Hasura had raised a total of $136.5 million in equity funding. The company planned to use the new capital to accelerate research and development and expand go-to-market activities globally for its GraphQL Engine and managed cloud product. CEO Tanmai Gopal noted that the company had seen growth accelerate significantly over the previous 18 months, with its managed cloud product growing tenfold in the year prior to the funding announcement. By the time of the Series C round, Hasura had achieved substantial enterprise traction. Customers included major organizations such as Atlassian, Walmart, Airbus, BBVA, Netlify, Pipe, and Swiggy. The company was experiencing particular momentum in financial services, manufacturing, and healthcare sectors, alongside adoption from legacy companies modernizing their development stacks. The open-source GraphQL Engine had garnered approximately 25,000 stars on GitHub since its introduction in 2017.
Sep 2020Series BLightspeed Venture Partners (lead); STRIVE; Vertex Ventures US; SAP.iO; John Thompson; Nexus Venture Partners$25M-Hasura is a San Francisco and Bengaluru-headquartered data access infrastructure startup providing open-source and commercial GraphQL solutions for developers to build APIs over databases. Founded in 2017 by Tanmai Gopal (CEO) and Rajoshi Ghosh (COO), the company offers the Hasura GraphQL Engine and Hasura Cloud, enabling developers to compose GraphQL APIs from existing databases and APIs with minimal expertise. In September 2020, Hasura raised $25 million in a Series B funding round led by Lightspeed Venture Partners, with participation from returning investors Vertex Ventures US, Nexus Venture Partners, Strive VC, and SAP.iO Fund, plus angel investor John Thompson (chairman of Microsoft). The funding brought total capital raised to $36.5 million at that time. The company planned to use the capital to accelerate hiring and invest in open-source and commercial product development. Hasura competes with Firebase, PostGraphile, Prisma, and Heroku, differentiating itself by providing a bridge for replatforming applications to cloud-native approaches. By February 2022, the company had raised $136.5 million across multiple rounds including a $100 million Series C at a $1 billion valuation, demonstrating strong investor confidence and rapid scaling in the developer infrastructure space.
Feb 2020Series AVertex Ventures (lead); Michael Stoppelman; STRIVE; Sam Lambert; James Tamplin; Amod Malviya; SAP.iO; Nexus Venture Partners$10M-Hasura Technologies, a San Francisco and Bengaluru-headquartered software services provider founded in 2016 by Tanmai Gopal and Rajoshi Ghosh, raised $9.9 million in a Series A round on February 27, 2020, led by Vertex Ventures US. Other participants included SAP.iO, Nexus Venture Partners, and Strive. The company had previously raised $1.6 million in a 2018 seed round led by Nexus Venture Partners along with Strive. Hasura uses open-source software to provide easy data access to API users and app developers, focusing on the Postgres ecosystem and GraphQL. The funding was intended to invest in engineering and product development, increase hiring in sales positions, and expand the Hasura and GraphQL experience to other databases for high-performance and secure data access. Vertex Ventures US, backed by Temasek Holdings, manages $700 million in assets and has invested in startups like Xpressbees, Licious, Yatra, and Kissht. SAP.iO provides seed and Series A capital along with technical and sales support.
Apr 2018SeedNexus Venture Partners (lead); STRIVE$2M--

Who has invested in Hasura?

12 investors have backed Hasura across its funding rounds, including Nexus Venture Partners, STRIVE, Lightspeed Venture Partners, Vertex Ventures, SAP.iO and Greenoaks.

Lead investors include Greenoaks, Lightspeed Venture Partners, Vertex Ventures and Nexus Venture Partners.


Hasura Investors

Investors in Hasura by funding rounds participated
InvestorHQRoundsRoleFirst check
STRIVEJapanTokyo4ParticipantApr 2018
Nexus Venture PartnersUnited StatesSan Francisco, CA4LeadApr 2018
Vertex VenturesSingaporeSingapore2LeadFeb 2020
Lightspeed Venture PartnersUnited StatesSan Francisco, CA2LeadSep 2020
SAP.iOUnited StatesSan Francisco, CA2ParticipantFeb 2020
Michael StoppelmanUnited StatesLos Angeles, CA1ParticipantFeb 2020
GreenoaksUnited StatesSan Francisco, CA1LeadFeb 2022
Sam LambertUnited StatesSan Francisco, CA1ParticipantFeb 2020
Vertex Ventures USUnited StatesSan Francisco, CA1ParticipantSep 2020
James TamplinUnited StatesSan Francisco, CA1ParticipantFeb 2020

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Hasura Competitors

Hasura competitors include listed companies like C3.ai and Railtown AI Technologies, and private ones like Amperity, Kakao Enterprise, Mirendil and Prime Intellect.

Public and private companies comparable to Hasura
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
C3.aiUnited StatesUnited StatesPublicly listed$250M($484M)$1.7B4.5x
Railtown AI TechnologiesCanadaCanadaPublicly listed-($4M)$46M-
AmperityUnited StatesSeattle, WAPrivate$70M-$1B14.3x
Kakao EnterpriseSouth KoreaSeongnamPrivate--$1B-
Mirendil--Private--$1B-
Prime IntellectUnited StatesSan Francisco, CAPrivate$100M-$1B10.0x

Hasura Public Comps

Hasura is still privately-owned, but its public comps include Appier Group, Rackspace, Qt Group, Rezolve AI, Beijing CTJ Info Tech, Horizon Quantum, Fractal Analytics, Reconova Technologies, PKSHA Technology and Hanwang Technology Co.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Appier Group$281M$44M3.4x2.9x21.6x15.7x
Rackspace$2.7B$244M1.5x1.6x17.1x15.0x
Qt Group$249M$62M4.3x3.9x17.3x16.0x
Rezolve AI$47M($109M)23.3x4.0x(10.0x)(19.3x)
Beijing CTJ Info Tech$123M$13M5.3x4.9x51.3x34.6x
Horizon Quantum$269K($5M)2287.8x-(125.2x)(33.0x)
Fractal Analytics$344M$50M3.7x3.4x25.8x21.0x
Reconova Technologies$66M($8M)10.0x-(82.0x)-

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Common questions about Hasura

When was Hasura founded?Hasura was founded in 2017.
Where is Hasura headquartered?Hasura is headquartered in Bangalore, India.
Is Hasura publicly listed?No, Hasura is a private, VC-backed company.
What is Hasura's valuation?Hasura was last valued at $1B in its Series C in February 2022.
How much funding has Hasura raised?Hasura has raised $137M across 4 funding rounds.
What was Hasura's last funding round?Hasura's last funding round was a $100M Series C in February 2022, led by Greenoaks.
Who are Hasura's investors?Hasura's investors include STRIVE, Nexus Venture Partners, Vertex Ventures, Lightspeed Venture Partners, SAP.iO, Michael Stoppelman, Greenoaks, Sam Lambert, Vertex Ventures US, James Tamplin and 2 others.
Which companies are comparable to Hasura?Companies comparable to Hasura include C3.ai, Railtown AI Technologies, Amperity, Kakao Enterprise, Mirendil and Prime Intellect.

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