Developer tool startup Hasura raises $1.6 mn in seed funding
US- and India-based developer tools startup Hasura Technologies Pvt. Ltd said on Wednesday that it has raised $1.6 million (Rs 10.4 crore) in a seed round of funding led by venture capital firm Nexus Venture Partners.
Hasura said in a statement that Japanese investment firm GREE Ventures had also participated in the round.
VCCircle had first reported the development in October last year.
The company's chief operating officer Rajoshi Ghosh said the funds will be used to accelerate product development and to strengthen its marketing and developer relations teams.
Hasura was launched in September 2016 by IIT-Madras-educated Tanmai Gopal, and Stanford University Graduate School of Business alumnus and Gartner technology incubator researcher Ghosh.
The funding will help bring Kubernetes to application developers, the statement said. Kubernetes is an open-source system for automating deployment, scaling, and management of containerized applications.
Sameer Brij Verma, managing director of Nexus Venture Partners, said that Kubernetes is going to change the way applications are being built and redefine software development and software operations boundaries and tooling.
The Hasura platform gives developers a high-performance data layer (GraphQL and JSON), API gateway with authentication middleware, and GitOps automation.
Hasura also provisions Kubernetes clusters on different cloud vendors in a single command for developers and allows complete porting of an application from one cloud-vendor to another automatically.
Nexus is an India-US venture capital firm with assets of over $1 billion under management and an active portfolio of over 50 companies across technology, internet, media, consumer and business services sectors. Its portfolio companies include Helpshift, Snapdeal, Netmagic, Druva, Aryaka, biz2credit and Pubmatic, among others.
GREE Ventures is a subsidiary of GREE Inc, a Japanese gaming and social networking company. It invests in early stage (seed to Series A) internet and mobile companies in Asia. It has previously backed tech-enabled property startup BuildSupply. and women-focused media startup POPxo.