Hasura vs Magic AI

Magic AI has a disclosed valuation of $1.5B, while Hasura's valuation is not publicly available, making a direct size comparison difficult. Magic AI employs 75 people.

Magic AI has raised more in total funding at $465M, compared to Hasura's $100M — a gap of $365M.

Magic AI holds the higher Awaira Score at 72/100, compared to Hasura's 70/100. The Awaira Score is a composite metric factoring in valuation, funding, stage, team size, and market presence — a 2-point gap that reflects meaningful differences in scale or traction.

Hasura was founded by Tanmai Gopal in 2017. Magic AI was founded by Eric Steinberger in 2022. Visit each company's profile on Awaira for a full founder biography.

Hasura: Hasura is an open-source platform that instantly generates GraphQL and REST APIs over databases, enabling developers to query, mutate, and subscribe to data changes without writing backend code, and has extended its platform to include AI-native API orchestration for connecting LLMs to enterprise data sources. The platform auto-generates a complete typed API layer from database schemas and supports authorization rules, remote joins, and event triggers for building real-time data-driven applications.\n\nThe company raised approximately $100M from investors including Lightspeed Venture Partners and Nexus Venture Partners, and has built a large open-source community of over 30,000 GitHub stars with enterprise customers spanning financial services, media, and technology companies. Hasura's data delivery network, Hasura DDN, extends the platform to distributed data architectures for large-scale enterprise deployments.\n\nAs AI applications require real-time, structured access to enterprise data, Hasura's API generation capabilities have found new relevance as the data connectivity layer for LLM-powered applications. The company's open-source distribution model has created strong developer adoption that translates into enterprise sales at a scale that would be difficult to achieve through outbound sales alone. Magic AI: Magic AI, founded in 2022, is an AI development tools company headquartered in the United States. The company has raised $465 million across multiple funding rounds and currently maintains a valuation of $1.5 billion, reflecting significant investor confidence in its Series C stage. Magic AI focuses on providing developer-focused tools and infrastructure for building, deploying, and managing AI applications. The company's platform addresses the growing demand from software engineers and development teams seeking accessible solutions for integrating artificial intelligence into their workflows. Magic AI's core offering centers on reducing friction in the AI development lifecycle, offering abstractions and automation that streamline common tasks in model deployment, fine-tuning, and application integration. The company operates within the competitive AI development tools market, competing alongside established players and emerging startups offering similar developer infrastructure. Magic AI's rapid funding accumulation and valuation growth suggest strong market traction and enterprise adoption. The company's positioning targets mid-market and enterprise customers seeking production-ready AI solutions without extensive in-house ML expertise. Magic AI benefits from favorable market timing, emerging as AI adoption accelerates across industries. Specific customer details and product specifications remain largely undisclosed, though the company's funding trajectory indicates solid commercial progress and investor backing for sustained growth and product expansion. Magic AI leverages developer-centric tooling to democratize AI application development for enterprise teams without deep machine learning expertise.

Hasura was founded first in 2017, giving it 5 years of additional market experience. Magic AI was founded later in 2022. In AI, even a year or two of head start can translate into significantly more training data, customer relationships, and institutional knowledge.

Hasura has approximately 200-500 employees, while Magic AI has approximately 75. A larger team often signals higher revenue or venture backing, but in AI, smaller teams are increasingly capable of building at scale.

Yes, Hasura and Magic AI are direct competitors — both operate in the AI Dev Tools space and likely target overlapping customer segments. This comparison is especially relevant for buyers evaluating both platforms.