14 Year Old Database Startup Raises $325M To Challenge Oracle

Creating a viable challenger to database giants Oracle and IBM is one of the hardest business problems Peter Cohan of Forbes has seen. After 18 years, Emil Eifrem looks poised to succeed.

His company, San Mateo, Calif.-based graph database platform supplier, Neo4j, recently raised $325 million at a valuation topping $2 billion to propel it to a possible public listing.

How so? Since making its product available in 2007, Eifrem told me in a June 22 interview that his company has solved two hard problems: “R&D and Go-to-Market.”

If you own shares of Oracle or MongoDB, you ought to keep your eye on what they are doing to keep up with Neo4j.

Read more: https://www.forbes.com/sites/petercohan/2021/07/03/18-year-old-database-startup-raises-325m-to-challenge-oracle/?sh=4381877b3a21