By Aayushi Mittal | November 5, 2018
Neo4j, a leader in graph databases, announced today that it has closed an $80 million Series E funding round led by One Peak Partners and Morgan Stanley Expansion Capital.
Neo4j’s latest round also includes the following existing investors: Creandum, Eight Roads and Greenbridge Partners. Since its founding in 2007, Neo4j has raised a total of $160 million in growth funding – the largest cumulative investment into a graph database company. Today’s funding helps Neo4j continue to deliver customer success with graph-powered business applications, while increasing investment in the company’s flagship graph platform to support popular use cases, including graph-enabled artificial intelligence (AI) and machine learning (ML) systems.
Robert Bassman, Managing Principal of Morgan Stanley Expansion Capital, explained the decision to invest in Neo4j:
“We believe that Neo4j is at the forefront of a new database category,” said Bassman. “Graph databases are emerging as a key part of enterprise data infrastructure and are being used to build and transform critical business applications. Neo4j’s increased traction with enterprise customers underscores the demand for databases built for today’s connected world. We’re thrilled to be investing in Neo4j to help bolster their leadership position while continuing to push the entire category forward.”
With more than 300 customers, including UBS, Walmart, eBay, Adobe, Volvo, Orange and AstraZeneca, Neo4j is the world’s most widely deployed graph database, enabling connected data applications for more than 75% of the Fortune 100. Neo4j’s clear category leadership has attracted a thriving ecosystem of leading systems integrators like Capgemini and EY, cloud service providers including Amazon Web Services, Google Cloud Platform and Microsoft Azure, plus a wide range of technology companies offering complimentary tools for visualization, data integration and analytics.
Keywords: Series E Funding