By Aayushi Mittal | November 5, 2018
Neo4j, 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.
“Neo4j continues to dominate the graph database market,” wrote Forrester. “Neo4j released version 1.0 of the open source Neo4j property graph database in 2010 and since then has continued to deliver innovation and expand the product to support broader use cases. Today, Neo4j is used by many of the world’s largest companies in industries such as technology, travel, financial services, retail, telecommunications, and government.” Vendor Landscape: Graph Databases, Forrester Research, Inc., October 6, 2017.
Keywords: Series E Funding