The round was led by Eurazeo and GV. Existing investors One Peak, Creandum and Greenbridge, as well as new investors DTCP and Lightrock, also participated. Founded in 2007, the company has raised more than $500 million in funding.
Neo4j is looking to disrupt the space long dominated by relational databases that organize data into tables. Its graph databases help connect data, showing how different points intersect.
Co-founder and CEO Emil Eifrem said a simplistic example would be two consumers who have similar buying habits. When one buys something the other does not have, a recommendation could be made to the other to buy the same item, as the data of past purchases show a connection.
“We live in an increasingly connected world — that cannot be denied,” he said. “Data describes our world. So data is also becoming increasingly connected.”