• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

Technologies.org

Technology Trends: Follow the Money

  • Technology Events 2023-2024
  • Sponsored Post
    • Make a Contribution
  • Technology Jobs
  • Technology Markets
    • Venture Capital
  • About
  • Contact

Neo4j Closes $80 Million in Series E Funding

November 1, 2018 By admin Leave a Comment

Neo4j, the leader in graph databases, announced today that it has closed an $80 million Series E funding round led by One Peak Partners and Morgan Stanley Expansion Capital.

Neo4j’s latest round also includes the following existing investors: Creandum, Eight Roads and Greenbridge Partners. Since its founding in 2007, Neo4j has raised a total of $160 million in growth funding – the largest cumulative investment into a graph database company. Today’s funding helps Neo4j continue to deliver customer success with graph-powered business applications, while increasing investment in the company’s flagship graph platform to support popular use cases, including graph-enabled artificial intelligence (AI) and machine learning (ML) systems.

David Klein, Co-founder and Managing Partner of One Peak Partners, who co-led Neo4j’s Series E funding round, drew an interesting parallel:

“Similar to how Oracle revolutionized the way organizations use data by innovating, scaling and maturing relational databases, Neo4j is leading the way in how connected data drives next-generation business applications,” said Klein. “We see great potential for using graph data as a means for powering and enriching AI and other learning applications by providing context. Only Neo4j has the technological expertise and insight into customer needs to to be successful in delivering on graph-powered AI.”

Robert Bassman, Managing Principal of Morgan Stanley Expansion Capital, explained the decision to invest in Neo4j:

“We believe that Neo4j is at the forefront of a new database category,” said Bassman. “Graph databases are emerging as a key part of enterprise data infrastructure and are being used to build and transform critical business applications. Neo4j’s increased traction with enterprise customers underscores the demand for databases built for today’s connected world. We’re thrilled to be investing in Neo4j to help bolster their leadership position while continuing to push the entire category forward.”

With more than 300 customers, including UBS, Walmart, eBay, Adobe, Volvo, Orange and AstraZeneca, Neo4j is the world’s most widely deployed graph database, enabling connected data applications for more than 75% of the Fortune 100. Neo4j’s clear category leadership has attracted a thriving ecosystem of leading systems integrators like Capgemini and EY, cloud service providers including Amazon Web Services, Google Cloud Platform and Microsoft Azure, plus a wide range of technology companies offering complimentary tools for visualization, data integration and analytics.

Forrester Research, a leading global research and advisory firm, has already noted Neo4j’s leading position in the graph technology space.

“Neo4j continues to dominate the graph database market,” wrote Forrester. “Neo4j released version 1.0 of the open source Neo4j property graph database in 2010 and since then has continued to deliver innovation and expand the product to support broader use cases. Today, Neo4j is used by many of the world’s largest companies in industries such as technology, travel, financial services, retail, telecommunications, and government.” Vendor Landscape: Graph Databases, Forrester Research, Inc., October 6, 2017.

Emil Eifrem, Neo4j’s CEO and Co-Founder, welcomed new investment partners One Peak Partners and Morgan Stanley Expansion Capital.

“I’m immensely proud of what Neo4j has achieved,” said Eifrem. “We have taken graph databases from an idea to a product and now to a platform that serves mission-critical needs at the world’s leading banks, telcos, retailers, technology companies, auto manufacturers and logistics brands. This latest funding round will provide Neo4j with the resources to serve our new and existing customers with the best graph platform to harness connected data for AI.”

About Neo4j
Neo4j is the leading graph database platform that drives innovation and competitive advantage at Airbus, Comcast, eBay, NASA, UBS, Walmart and more. Thousands of community deployments and more than 300 customers harness connected data with Neo4j to reveal how people, processes, locations and systems are interrelated. Using this relationships-first approach, applications built using Neo4j tackle connected data challenges including artificial intelligence, fraud detection, real-time recommendations and master data. Find out more at neo4j.com.

Filed Under: Tech

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Market Analysis

AI reality vs. myth: predictions for 2024
Cloudflare is introducing the concept of the “connectivity cloud”
Robotic Revolution: Japan’s Surging Industrial Robot Market and China’s Dominance
China’s Poaching of Water Technologies from the West: A Serious Concern
Market Scenario of China Banning Exports of Rare Earth Materials and Electric Batteries
Navigating Markets through a 4-Dimensional Research Data Model
A Markov Chain-Based Approach for Forecasting Emerging Technologies: An Extended Analysis

Market Research Media

The Evolution of RSS Feeds: A Media Analyst’s Perspective
AI-Enhanced 4-Dimensional Market Dynamics Analysis: Unveiling Trends, Segmentation, Behavior, and Evolution through Markov Chain Modeling
Autotutoring Market: Personalized Learning and Technological Innovation at the Forefront
Integration of Generative AI and Large Language Models for Enterprises
The Decline of Chinese Media Under Authoritarian Rule: Economic Implications
Algorithmic Bias in Media Recommendation Systems: Unveiling Challenges and Pursuing Fairness
U.S. Federal IT Market Forecast

Secondary Sidebar

Tech Events

Smart City Expo 2023 Reshapes Urban Futures with Unprecedented Participation and Innovation Showcase
SAP SBN User Conference is taking place on October 17-18, 2023 in Oslo, Norway
2023 European Conference on Optical Communication (ECOC) in Glasgow, Scotland, October 2-4, 2023
Bloomberg Technology Summit, October 24t, 2023, London
Imagine 2023, Edge AI Conference, September 27, 2023, Computer History Museum, Mountain View, California

Venture Capital

Silverflow Secures €15 Million Investment to Revolutionize Global Payment Processing
Myrror Security, an Israeli company specializing in application security for organizations using open-source packages, has officially launched with $6 million in seed funding
Iron Nation Launches Volunteer Emergency Impact Fund to Support Israeli Start-ups Affected by Recent Conflict
UnitX, a robotics company specializing in AI vision systems, secures $5 Million
UserEvidence, a customer voice platform, secured $9 million in Series A funding

Footer

Recent Posts

  • IBM Quantum Summit Unveils Breakthroughs: IBM Quantum Heron and System Two
  • Apple has announced the winners of the 2023 App Store® Awards
  • Aalyria and Airbus Collaborate on High-Speed Aerial and Spaceborne Networks
  • Entrepreneurship Program at Argonne National Laboratory Opens Applications for Startups
  • Toyota is nearing mass production of solid-state batteries
  • Cloudflare and Meta Partner to Democratize Access to Llama 2 Open Source Large Language Model (LLM)
  • Bridging the Semiconductor Workforce Gap: Intel’s Innovative Educational Initiatives
  • German Government and Bavaria Invest €300M in ams OSRAM Semiconductor Tech
  • Innovative Ship Concept: Providing Zero-Carbon Nuclear Energy for Defense and Disaster Relief
  • Linux Foundation Launches OpenTofu: A New Open Source Alternative to Terraform

App Coding

The Importance of State Management in React Apps
Building an E-commerce App: Key Considerations for Success
A Career Roadmap for Mobile App Developers: Path to Success
What are implications of rewarding developers basing on number of lines of code?
How to teach yourself app coding

API Coding

API Coding Opportunities in Headless Web Publishing
How to recognize malware API
Mastering API Design: Principles for Creating Effective and User-Friendly Interfaces
How to design a corporate API
How to re-write a legacy API

Blockchaining

The Fascinating World of Cryptocurrency
Building a Decentralized VPN Using Blockchain Technology
Blockchain technology and carbon credits
Are blockchain transactions traceable?
Building a Secure and Decentralized Blockchain API: A Step-by-Step Guide

Calendarial

Comic Con, Taking Place at the Los Angeles Convention Center, December 1-3, 2023
Smart City Expo 2023: “The New Urban Era” in a Record-Breaking Edition, November 7-9, 2023, Barcelona
Apple: “Scary Fast” virtual event, October 30, 2023
Our hearts go out to the people of Israel
The 30th annual RegTech Convention, 21-22 November 2023

Copyright © 2022 Technologies.org

Media Partners: Market Analysis & Market Research and Exclusive Domains

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT