Graph database business Neo4j has taken the largest Series F investment in database history – landing $325m to accelerate its cloud portfolio, invest in enhanced machine learning models to unlock new predictions, and expand its global footprint.
Graph databases are designed to treat the relationships between data with the same importance as the data itself. They are used to make real-time recommendations, in fraud detection, network and IT operations, identify and access management, and master data management. They excel where there is a need to manage highly connected data and handle complex queries.
HFS CEO and Chief Analyst Phil Fersht says enterprise leaders should make data their strategy.
“Get the data to win in your market. Align your data needs to deliver on business strategy. This is where you clarify your vision and purpose.”
Download the highlight report: https://www.hfsresearch.com/research/record-investment-in-neo4j-suggests-maybe-it-is-all-about-relationships/