A $325 million Series F fundraising round was completed by the graph technology company Neo4j 325m series 2b crichtontechcrunch in San Mateo, California.
Neo4j’s valuation increased to over $2 billion as a result of the round, which was headed by Eurazeo (RF:PA) and included GV (previously Google Ventures), One Peak, Creandum, and Greenbridge Partners as well as new investors DTCP and Lightrock. Nathalie Kornhoff-Brüls, a Managing Director in Eurazeo’s growth team, has been added to the Neo4j Board of Directors in conjunction with the funding.
The money will be put to use by the business to advance in three key areas:
Delivering a portfolio of many cloud services that may be used by everyone from freelance developers to the biggest international corporations, the cloud portfolio
A new era of intelligent apps will be powered by graph data science, which will use improved machine learning algorithms.
Market reach – Increasing Neo4j’s global presence and the company’s network of specialised service providers and complementing technologies.
Global brands can use Neo4j’s graph database technology platform, led by CEO and Co-Founder Emil Eifrem, to discover and foresee how people, processes, and systems are related. Neo4j-based software addresses problems with networked data, including analytics and artificial intelligence, fraud detection, real-time suggestions, and knowledge graphs.
Around its technological ecosystem, Neo4j has established a large global community of thousands of highly qualified application developers and data scientists. These experts are developing a wide range of applications, such as ones that can instantly calculate the cost of an aeroplane ticket and reveal sophisticated criminal organisations that are behind cyberattacks and money-laundering schemes.
More than 800 large companies, including Adobe, AstraZeneca, eBay, Levi Strauss & Co., UBS, Volvo Cars, and Walmart, use the graph database.
