Neo4j has helped popularize the graph database and today it announced its $80 million Series E round, to bring their products to a wider market. Eight Roads participated alongside existing investors Creandum and Greenbridge Partners and new investors One Peak Partners and Morgan Stanley Expansion Capital. This brings the total amount raised by the company to $160m.
Neo4j currently employs over 100 people across offices in San Francisco and Sweden. It plans on using the capitla to grow its developer tools and support popular use cases, particuarly graph enabled AI and machine learning systems.
CEO Emil Eifrem said: “I’m immensely proud of what Neo4j has achieved. We have taken graph databases from an idea to a product and now to a platform that serves mission-critical needs at the world’s leading banks, telcos, retailers, technology companies, auto manufacturers, and logistics brands. This latest funding round will provide Neo4j with the resources to serve our new and existing customers with the best graph platform to harness connected data for AI.”