Eurazeo Leads Series F Round, Raising the Company’s Valuation to Over $2 Billion
Neo4j, the leader in graph technology, announced a Series F funding round as part of a $325 million investment led by Eurazeo with participation from GV (formerly Google Ventures). This transaction represents the largest investment in a private database company and raises Neo4j’s valuation to over $2 billion.
Existing investors One Peak (an investor since 2018), Creandum (an investor since 2014), and Greenbridge Partners (an investor since 2016), as well as new investors DTCP and Light rock, also participated.
Emil Eifrem, Neo4j’s CEO and Co-Founder characterised the news as an inflexion point in the broader database market and welcomed investment partners Eurazeo, GV, DTCP, and Light rock.
According to Gartner, “By 2025, graph technologies will be used in 80 per cent of data and analytics innovations, up from 10 per cent in 2021, facilitating rapid decision making across the enterprise.”
Trusted by more than 800 enterprise customers, including Adobe, AstraZeneca, eBay, Levi Strauss & Co., UBS, Volvo Cars, and Walmart, Neo4j is the world’s most widely deployed graph database.
Used by more than 75 per cent of the Fortune 100, Neo4j’s graph data platform enables mission-critical workloads for the world’s largest connected data applications.
Neo4j’s market leadership is accelerating along several axes. The funding fuels the company’s product innovation to provide graph technology that far exceeds the most demanding customer requirements across data science, machine learning, cloud deployment, and real-time performance.
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The company plans to use the investment 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, offering unmatched flexibility, agility, and performance at any scale.
- Graph data science – Powering a new era of intelligent applications with enhanced machine learning models to unlock otherwise unattainable predictions based on relationships.
- Market reach – Expanding Neo4j’s global footprint, and growing the company’s ecosystem of complementary technologies and expert service providers, in order to deliver complete solutions and accelerate customer success.
As the graph category creator, 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, unable to be served by relational or other NoSQL databases, which require digitising connections in data at scale. Examples include determining the price of an airline ticket in real-time, exposing complex criminal networks responsible for cyber attacks, and money laundering activity.