Neo Technology, the San Mateo, CA-based company behind graph database Neo4j, has raised $11m in Series B funding.
The round was led by Sunstone Capital, with participation from existing investors Fidelity Growth Partners Europe and Conor Venture Partners.
The company intends to use the proceeds from the investment, which brings the total amount raised to more than $24m, for product development new market expansion.
Led by Emil Eifrém, CEO, Neo Technology the company provides websites, telcos and bioinformatics research organizations with Neo4j, a graph database to model and query connected data. The company, which also has a large ecosystem of partners and developers, operates offices in Germany, UK, France, Belgium, Sweden, and Malaysia. Customers include Cisco, Vivendi, Deutsche Telekom, Lockheed Martin, BAE Systems, Telenor, LexisNexis, Intercontinental Exchange, Adobe, Pitney Bowes, Squidoo, FiftyThree, GlassDoor, Teachscape, Gamesys, Viadeo, MoviePilot, InfoJobs, and Woozworld.