Neo4j announced that it has received US$325 million in financing, which is the largest investment in database history
Neo4j, a leader in the graph database field, today announced its F round of financing as part of a US$325 million investment led by Eurazeo and participation by GV (formerly Google Ventures). Today’s transaction represents the largest investment in a private database company and will Neo4j's valuation has increased to more than US$2 billion.
Existing investors One Peak (being an investor since 2018), Creandum (being an investor since 2014) and Greenbridge Partners (being an investor since 2016), as well as new investors DTCP and Lightrock also participated.
Neo4j announced that it has received a US$325 million in Series F investment, which is the largest investment in the history of the database
Emil Eifrem, CEO and co-founder of Neo4j, described the news as an inflection point in the broader database market and welcomed investment partners Eurazeo, GV, DTCP and Lightrock.
"Eifrem said: "Databases constitute the largest single market in enterprise software, and the center of its growth is a new generation of databases that solve today's data challenges in unprecedented ways. "This is a magical database era that provides opportunities for a few generations of companies to become leaders in a broader field. Neo4j is one of these companies, and today’s record transaction in the database field shows that our new investors And existing investors agree with this belief."
According to Gartner, "By 2025, graph technology will be used for 80% of data and analysis innovation, and only 10% in 2021, to promote rapid decision-making throughout the enterprise." Source. Gartner, Top Trends in Data and Analysis for 2021, Rita Sallam et al., February 16, 2021.
Neo4j is trusted by more than 800 corporate customers, including Adobe, AstraZeneca, eBay, Levi Strauss & Co., UBS, Volvo Cars, and Walmart, and is the most widely deployed graphics database in the world.
More than 75% of the Fortune 100 companies use Neo4j's graphical data platform, which can provide mission-critical workloads for the world's largest interconnected data applications.
Neo4j's market leadership is accelerating along several axes. Today's financing is driving the company's product innovation to provide graph technology that far exceeds the most demanding customer requirements such as data science, machine learning, cloud deployment, and real-time performance.
The company plans to use this investment to accelerate in three main areas.
- Cloud computing portfolio-provides a multi-cloud service portfolio that can provide services for individual developers all the way to the largest global enterprise, providing unparalleled flexibility, agility and performance at any scale.
- Graphical Data Science-Powering a new era of intelligent applications through enhanced machine learning models to unlock other unachievable predictions based on relationships.
- Market coverage--Expand Neo4j's global coverage and develop the company's ecosystem of complementary technologies and expert service providers to provide complete solutions and accelerate customer success.
Nathalie Kornhoff-Brüls is the managing director of Eurazeo's growth team and was appointed to the Neo4j board of directors.
"It is clear that from multi-level global supply chains to ubiquitous automated processes, the world is becoming more and more interconnected. It is also clear that companies that cannot digitize, analyze, and visualize this interconnectivity will Left behind," said Kornhof-Brüls. "We chose to invest in Neo4j because it is shaping the future of data and analysis that needs to be implemented inside and outside the company. The company's technology leadership, global developer community, and world-class customer base - plus an expanding global ecosystem - -Give Neo4j a unique advantage in continuing to define and lead the graph database category. We are very proud of being selected as a partner by Emil and his team, and look forward to using Eurazeo's global platform to help the company's future development. "
General Partner Erik Nordlander and Tom Hulme Neo4j welcome to join GV portfolio, and in an article entitled Neo4j: pursuit of better data significance Bowen said .
"Tom Hulme and I are very happy to welcome this team to the portfolio and to join other database companies that are building the future of the company. GV’s general partner Erik Nordlander said: "Neo4j has always firmly adhered to its vision and I admire Emil’s Courage and unremitting efforts for the establishment and promotion of graphic databases over the years.
As the creator of the graphics category, Neo4j has built a global community of hundreds of highly skilled application developers and data scientists around its technology ecosystem. These practitioners are building a wide range of applications that cannot be provided by relational databases or other NoSQL databases. They need to digitize the connections in the data on a large scale. Examples include determining air ticket prices in real time, exposing complex criminal networks responsible for cyberattacks, and money laundering activities.
Neo4j is recognized as a leader in The Forrester Wave™. Graphical data platform, Q4 2020. Among the 12 chart data platform vendors, Neo4j achieved the highest score in the current product and strategy categories.
Regarding the significance of Neo4j's financing announcement to its customers, the developer community and the database industry, please check Emil Eifrem's blog post: Neo4j received the largest round of financing database history.
Neo4j is a leader in graph database technology. As the most widely deployed graph database in the world, we help global brands-including Comcast, NASA, UBS, and Volvo Cars-reveal and predict how people, processes, and systems are interconnected. Using this relationship-first approach, applications built with Neo4j can solve the challenges of interconnected data, such as analytics and artificial intelligence, fraud detection, real-time recommendations, and knowledge graphs. For more information, please visit neo4j.com.
Eurazeo is a leading global investment group with a diversified portfolio of 23 billion euros, including 16 billion euros from third parties, and investing in more than 450 companies. With its considerable expertise in private equity, real estate, and private debt, Eurazeo accompanies companies of all sizes, through its commitment of nearly 300 professionals, and by providing deep industry expertise and a gateway to the global market, And to provide a responsible and stable foothold for transformational growth and support their development. Its solid institutional and family shareholder base, stable financial structure without structured debt, and flexible investment scope enable Eurazeo to support its company in the long term.
Eurazeo has offices in Paris, New York, Sao Paulo, Seoul, Shanghai, Singapore, London, Luxembourg, Frankfurt, Berlin and Madrid, and is listed on Euronext Paris.