Hasura raised $ 9.9 million in series A
Chennai: The startup of developer tool products Hasura announced Wednesday that it has raised $ 9.9 million in Series A funds led by Vertex Ventures US based in Singapore. The round also featured the participation of the SAP.iO fund, an initial stage risk arm of SAP, existing investors Nexus Venture Partners and Strive VC. Several angels also participated in the round.
With this financing, Hasura will invest in engineering and product development, in addition to hiring in sales and marketing.
“While we duplicate the Postgres ecosystem (an open source database management system), these funds will help us bring the experience of Hasura and GraphQL (an API language) to other databases to mobilize data in the organizations making high-performance and secure data access is a reality, said Tanmai Gopal, co-founder Hasura.
Speaking about the investment, Sandeep Bhadra, a partner of Vertex Ventures US, said: “We invest due to the incredible speed of engineering of their products, the community that the founders built in such a short time and the momentum of the companies they wish to train To your engineers. TNN