“This is a magical time in databases, presenting an opportunity for a handful of generational companies to emerge as leaders in the broader landscape. “Databases constitute the largest single market in enterprise software, with growth centered in new generations of databases that address today’s data challenges in unprecedented ways,” said Emil Eifrem, Neo4j’s CEO and Co-Founder. ![]() Customers include Adobe, AstraZeneca, eBay, Levi Strauss & Co., UBS, Volvo Cars, and Walmart. Neo4j quotes Gartner to say: “By 2025, graph technologies will be used in 80% of data and analytics innovations, up from 10% in 2021, facilitating rapid decision making across the enterprise.”Īlready, Neo4j’s technology powers workloads for the world’s largest connected data applications, and it counts 75% of the Fortune 100 amongst its customers. “On the COVID and corporate front, we did see a lot more appreciation We saw three to five years of market maturation happen in what felt like a year, year and a half.” “Gartner published a piece in April of last year saying COVID-19 demanded urgent use of graph technologies,” Lance Walter, Neo4j’s senior director of product marketing, told Datanami. The pandemic significantly accelerated the use of graph technologies, making 2020 an inflection point for the sector. True to form, Neo4j graphically depicted the funding as below. ![]() Existing investors Greenbridge Partners, One Peak, and Creandum chipped in too. Eurazeo led the funding, which saw new investors GV, DTCP, and Lightrock also participating. ![]() Neo4J, claimed Thursday it raised the largest investment in a private database company after its Series F $325 million round. Neo4J’s Series F is the largest in database history.
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