Neo4j, a San Mateo, Calif. – based graph technology company, raised $325m in Series F funding.
The round, which brought Neo4j’s valuation to over $2 billion, was led by Eurazeo (RF:PA) with participation from GV (formerly Google Ventures), and existing investors One Peak, Creandum and Greenbridge Partners, as well as new investors DTCP and Lightrock. In conjunction with the funding, Nathalie Kornhoff-Brüls, a Managing Director in the growth team of Eurazeo, has been appointed to the Neo4j Board of Directors.
The company plans to use the funds 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,
- Graph data science – Powering a new era of intelligent applications with enhanced machine learning models,
- Market reach – Expanding Neo4j’s global presence, and growing the company’s ecosystem of complementary technologies and expert service providers.
Led by Emil Eifrem, CEO and Co-Founder, Neo4j provides global brands with graph database technology platform to reveal and predict how people, processes, and systems are interrelated. Applications built with Neo4j tackle connected data challenges such as analytics and artificial intelligence, fraud detection, real-time recommendations, and knowledge graphs.
Neo4j has built a global community of hundreds and thousands of highly skilled application developers and data scientists around its technology ecosystem. These practitioners are building wide-ranging applications such as determining the price of an airline ticket in real time, exposing complex criminal networks responsible for cyber attacks, and money laundering activity.
The graph database is used by more than 800 enterprise customers, including Adobe, AstraZeneca, eBay, Levi Strauss & Co., UBS, Volvo Cars, and Walmart.
FinSMEs
17/06/2021