Neo4jⓇ, the leader in graph technology, announced today a Series F funding round as part of a $325 million investment led by Eurazeo (RF:PA) with participation from GV (formerly Google Ventures). Today’s transaction represents the largest investment in a private database company and raises Neo4j’s valuation to over $2 billion.
“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 Eifrem. “This is a magical time in databases, presenting an opportunity for a handful of generational companies to emerge as leaders in the broader landscape. Neo4j is one of these companies, and today’s record-breaking transaction in the database space demonstrates that our new and existing investors share this belief.”
According to Gartner, “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.” Source: Gartner, Top Trends in Data and Analytics for 2021, Rita Sallam et al., 16 Feb 2021.
