Neo4j, a leader in graph technology, announced it is receiving a $325 million investment as part of a Series F funding round that will allow the company to continue to innovate its graph platform for a variety of use cases.
The company plans to use the investment to accelerate along three primary dimensions:
- Cloud portfolio – Delivering a portfolio of multi-cloud services that can serve individual developers all the way through to the largest global enterprises, offering unmatched flexibility, agility, and performance at any scale.
- Graph data science – Powering a new era of intelligent applications with enhanced machine learning models to unlock otherwise unattainable predictions based on relationships.
- Market reach – Expanding Neo4j’s global footprint, and growing the company’s ecosystem of complementary technologies and expert service providers, in order to deliver complete solutions and accelerate customer success.
The investment round was led by Eurazeo (RF:PA) with participation from GV (formerly Google Ventures). The transaction represents the largest investment in a private database company and raises Neo4j’s valuation to over $2 billion, according to the vendor.
Existing investors One Peak (an investor since 2018), Creandum (an investor since 2014), and Greenbridge Partners (an investor since 2016), as well as new investors DTCP and Lightrock, also participated.
“Databases constitute the largest single market in enterprise software, with growth centered in new generations of databases that address today’s data challenges in unprecedented ways,” said Emil Eifrem, Neo4j’s CEO and co-founder. “This is a magical time in databases, presenting an opportunity for a handful of generational companies to emerge as leaders in the broader landscape. Neo4j is one of these companies, and today’s record-breaking transaction in the database space demonstrates that our new and existing investors share this belief.”
Used by more than 75% of the Fortune 100, Neo4j’s graph data platform enables mission-critical workloads for the world’s largest connected data applications.
For more information about this news, visit https://neo4j.com/.