Hasura Cloud is a fully managed cloud offering that simplifies the process of running and managing Hasura applications in production. It provides features such as automatic upgrades, regression tests, API limits, scaling capabilities, built-in cache layer, rate limiting, monitoring, distributed tracing, and logs to ensure reliability, scalability, and observability for your applications. The platform is easy to migrate to from any functioning Hasura instance and offers a generous free tier for developers to get started.