SaaS start-up Hasura enters unicorn club with $100 mn Series C funding

Greenoaks-led round will be used to expand R&D and go-to-market activities for GraphQL

Software-as-a-service startup Hasura has raised $100 million in funding at a valuation of $1 billion. The Series C round brings the total capital raised by Hasura to $136.5 million.

The funding round was led by Greenoaks, with participation from existing investors Nexus Venture Partners, Lightspeed Venture Partners and Vertex Ventures.

The platform is designed to make web application development faster by eliminating bottlenecks to data access for frontend and fullstack developers. The platform cuts down the time and niche expertise required to build GraphQL-based APIs for data access by automating the repetitive work involved in mapping models to APIs with