Graph database solution provider Neo4j has closed an Series E round of funding at $80 million. This brings the company’s total growth funding to $160 million since 2007.
The funding will be used to help the company power business applications with graph databases as well as increase the product to support popular use cases such as graph-enabled AI and machine learning systems, the company explained.
The round of funding was led by One Peak Partners and Morgan Stanley Expansion Capital with participants from Creandum, Eight Roads and Greenbridge Partners.
“We see great potential for using graph data as a means for powering and enriching AI and other learning applications by providing context,” said David Klein, co-founder and managing partner of One Peak Partners.
Keywords: Series E Funding