Neo Technology, a Menlo Park, CA-based NOSQL database company for the enterprise, has raised $10.6m in Series A venture capital funding.
The round was led by Fidelity Growth Partners Europe, with participation from existing investors Sunstone Capital, and Conor Venture Partners as well as the founder and former CEO of SpringSource Rod Johnson.
The company intends to use the funds for product development.
In conjunction with the funding, Chris Barchak of Fidelity Growth Partners Europe has joined the company’s board along with Rod Johnson, who will become Chairman.
Led by CEO Emil Eifrém, Neo Technology delivers Neo4j, the NOSQL Enterprise Open source database, which is based on a transactional, flexible and scalable graph database engine and designed to help enterprises handle complexity and sophisticated queries.
Customers include Adobe and Cisco.
FinSMEs
21/09/2011