Neo4j Valuation Climbs to $2 Billion+ With Series F Round
Palo Alto – June 21, 2021 – Cooley advised Neo4j, the leader in graph technology, on its Series F financing as part of a $325 million investment, which brings its valuation to more than $2 billion. Lawyers Seth Gottlieb, Matthew Brodsky, John Stellini and Nareg Essaghoolian led the Cooley team advising Neo4j.
Eurazeo led the round, which included participation from GV, existing investors One Peak, Creandum and Greenbridge Partners, and new investors DTCP and Lightrock. Neo4j will use the new capital to fuel its product innovation to provide graph technology that far exceeds the most demanding customer requirements across data science, machine learning, cloud deployment and real-time performance.
“Databases constitute the largest single market in enterprise software, with growth centered in new generations of databases that address today’s data challenges in unprecedented ways,” Emil Eifrem, CEO and co-founder of Neo4j, said in a news release. “This is a magical time in databases, presenting an opportunity for a handful of generational companies to emerge as leaders in the broader landscape.”
Founded in 2007, Neo4j has built a global community of highly skilled application developers and data scientists around its technology ecosystem. As the world’s most widely deployed graph database serving more than 800 enterprise customers, the company helps brands such as Comcast, NASA and UBS to reveal and predict how people, processes and systems are interrelated. Using a relationships-first approach, applications built with Neo4j tackle connected data challenges such as analytics and artificial intelligence, fraud detection, real-time recommendations and knowledge graphs.
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