Neo Technology Draws Up $36 Million Investment

 

SAN MATEO — Neo Technology, creators of Neo4j – the world’s leading graph database – has secured $36 million in new funding, propelling graph technology into the mainstream and validating the value of the graph market.

Neo Technology received a Series D investment of $36 million from Greenbridge Investment Partners and existing investors including Sunstone, Creandum and Eight Roads Ventures.

“This new round of funding builds on the tremendous momentum we’re seeing this year around Neo4j – both development-wise and commercially – as connected enterprises look for real-time value from unprecedented volumes of data and graph databases become the enterprise standard,” said Emil Eifrem, CEO of Neo Technology and co-creator of Neo4j.

To date, Neo Technology has:

  • 2.5 millon + downloads of its product
  • 200+ customers (from Walmart, eBay, Airbus, adidas, Pitney Bowes and Cisco)
  • 1000s of production deployments
  • 100+ partners and a thriving community of developers worldwide
  • 450 events annually
  • 5 consecutive years of growth at GraphConnect, its semi-annual user conference

Neo Technology plans to use the funds in three key areas of the business: First, on continued research and development of the Neo4j product to further benefit current customers and cement its leading position in the space; second, to expand Neo Technology’s footprint in the enterprise sector (its fastest growing segment) with strategic investments in sales and marketing; third, to build deeper partnerships within the graph technology ecosystem in order to bring a wider range of solutions to existing users and customers.