Neo Technology, the San Mateo, Calif. – based creator of graph database Neo4j, secured $36m in Series D funding.
Backers included Greenbridge Investment Partners and existing investors Sunstone, Creandum and Eight Roads Ventures.
The company intends to use the funds to continue research and development of the Neo4j product, to expand its presence in the enterprise sector with strategic investments in sales and marketing, and to build partnerships within the graph technology ecosystem.
Led by Emil Eifrem, CEO and co-creator of Neo4j, Neo Technology is the creator of Neo4j, a scalable native graph database that leverages data relationships to enable companies to build intelligent applications including fraud detection, real-time recommendations, master data management, network security and IT operations.
The databse is used by global enterprises like Walmart, UBS, Cisco, HP, adidas Group and Lufthansa and startups like Medium, Qualia and Glowbl.