Lightspeed leads Hasura’s $25 million round

BENGALURU: Developer tooling startup Hasura has raised $25 million in Series-B funding, led by Lightspeed Venture Partners, along with participation from existing investors Vertex Ventures US, Nexus Venture Partners, Strive VC and SAP.iO Fund. Microsoft chairman John Thompson also participated in the new round as an angel investor.

The investment comes roughly six months after the company raised $9.9 million in Series-A funding. The San Francisco and Bengaluru-based company has raised $36.5 million so far. Hasura said it will utilise funds to accelerate hiring and will invest in open source and commercial product development. The company has added GraphQL support for MySQL and early access support for SQL Server, extending support for all three major database technologies.

“We want our users to be able to access that data instantly with Hasura’s secure, scalable data access infrastructure, so adding support for MySQL and SQL Server was our obvious next step. It opens up huge potential for all the developers who need to access the vast amounts of data that lives in MySQL and SQL Server today,” said Tanmai Gopal, cofounder of Hasura.

Lightspeed leads Hasura’s $25 million round Lightspeed leads Hasura’s $25 million round Reviewed by TechCO on 9/13/2020 Rating: 5

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