Neo Technology, the San Mateo, CA-based creator of the graph database Neo4j, closed $20m in Series C funding.
The round was led by Creandum with Dawn Capital with participation from current investors Fidelity Growth Partners Europe, Sunstone Capital and Conor Venture Partners. In conjunction with the funding, Creandum’s Johan Brenner, will join Neo Technology’s Board of Directors.
The company intends to use the funds to innovate further its Neo4j product, drive open source community growth, and expand its U.S. and internationally.
Led by Emil Eifrem, CEO and co-founder (read our interview here), Neo Technology is the creator of Neo4j, a graph database that allows organizations to model, store and query both data and its relationships in mission-critical applications that include real-time pricing, online product and service recommendations, fraud detection, graph-based search and Internet of Things (IoT). Users include large enterprises like Walmart, eBay, UBS, Nomura, The InterContinental Exchange, Cisco, CenturyLink, HP, Pitney Bowes, Telenor, TomTom, Lufthansa, and The National Geographic Society, as well as startups like CrunchBase, Medium, Polyvore, Zephyr Health, and Elementum.
Since the launch of the 2.0 release last year, Neo4j has been downloaded over 500,000.
The company, which also has regional offices in Sweden, UK, Germany, France, and Malaysia, operates a global program that includes ISVs, solution and technology providers that helps partners use Neo4j to build innovative new products and services. Since the launch, the company has signed 100 partners including Amazon Web Services, Pitney Bowes, HP, Windows Azure, Heroku, Talend, Accenture, Infosys, Trifork, WiPro and others.
FinSMEs
15/01/2015
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