Hasura joins unicorn club with $100M in Series C funding round
Hasura has raised $100 million in a Series C round of funding. The open source startup has become a unicorn after this round. Hasura, an open source firm, has raised $100 million in a Series C fundraising round led by Greenoaks and also including Lightspeed's growth arm, Vertex, Nexus, and Strive. The 'Series C' investment raises Hasura's total capital raised to $136.5 million and the company's valuation to $1 billion, putting it in the 'unicorn' club. Hasura simplifies data access by rapidly creating a GraphQL API that is supported by databases and services, allowing the developer team (or API consumers) to begin working immediately. "With this funding, we will be able to speed the development and adoption of our GraphQL engine, making it open to everyone," the firm stated in a statement. Hasura has developed GraphQL as an open source data query and manipulation language for APIs. "We're pleased to double down on al...