Open source startup Hasura turns unicorn with $100-mn Series C funding

Open source startup Hasura has secured $100 million in a Series C funding round, led by Greenoaks and also participated by of Lightspeed’s growth arm, Vertex, Nexus, and Strive.

The round ‘Series C’ brings the total capital raised by Hasura to $136.5 million and the company’s valuation to $1 billion, placing it in the ‘unicorn’ league.

Hasura makes data access easy, by instantly composing a GraphQL API that is backed by databases and services so that the developer team (or API consumers) get immediately productive.

“This funding will allow us to accelerate the development and adoption of our GraphQL engine to make it available to everyone,” the company said in a statement.

GraphQL is an open-source data query and manipulation language for APIs.

“We’re excited to double down on all the work we’ve been doing, and continue working alongside partners who share our vision to build a lasting…

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