Click here to close now.


Adobe Flex Authors: Matthew Lobas, Newswire, Shelly Palmer, Kevin Benedict

News Feed Item

Neo Technology Raises $11 Million in Series B Funding to Lead Adoption of Graph Databases

World's Leading Graph Database Company Dominates Market With Roster of Global 2000 Customers, Prestigious Award Wins and New Round of Funding

SAN MATEO, CA -- (Marketwire) -- 11/02/12 -- Neo Technology, creators of Neo4j, the world's leading graph database, announced today it has raised $11 million in Series B funding.

New Funding Sets Leadership Pace for Graph Databases
The round, led by Sunstone Capital, brings the total amount raised by Neo Technology to more than $24 million. The investment will be used to fuel product development, meet the needs of Neo's rapidly expanding customer base, and to further deliver on the company's vision for mass adoption of graph databases. All of Neo Technology's current institutional investors, including Fidelity Growth Partners Europe and Conor Venture Partners, are participating above pro rata in this round.

Revenue Leadership
"Every quarter this year our bookings have been more than triple as compared to the same period last year. Total bookings in 2012 are up 440 percent over 2011. Continued investor confidence, as well as ongoing validation from partners, customers and industry analysts, underscores the work we've done to date. Our unique approach to solving connected data challenges is proven across thousands of installations. This additional capital will help us extend the experience to new markets and further fuel the mass adoption of our graph database technology," said Emil Eifrém, CEO of Neo Technology.

Enterprise Leadership
"The market for graph databases is taking off, and Neo Technology is the world leader," said Nikolaj Nyholm of Sunstone Capital. "At this point last year, Neo had one Enterprise customer: Cisco. Today Neo has 20+ Global 2000 customers, including Cisco, Vivendi, Deutsche Telekom, Lockheed Martin, BAE Systems, Telenor, LexisNexis, Intercontinental Exchange, Adobe, and Pitney Bowes. Several of these companies, including Cisco, and Telenor, will present their solutions at GraphConnect 2012 on November 6."

Startup and Emerging Company Leadership
Some of the hottest startups and emerging companies such as Squidoo, FiftyThree, GlassDoor, Teachscape, Gamesys, Viadeo, MoviePilot, InfoJobs, and Woozworld are using Neo4j to bring disruptive innovation to mobile and social applications.

"As the world becomes more interconnected, being able to leverage those connections is essential to providing real value to our users and customers. Squidoo is launching a brand-new sharing platform and we needed a technology partner that could do the heavy lifting that would delight and amaze our users. Neo4j is extraordinary in enabling us to offer a product that makes connections possible," said Seth Godin, CEO of Squidoo, a site where people share their passions, ranked #35 in US traffic by Quantcast.

Industry Leadership
The Neo4j Partner Graph is quickly expanding by including the thought leaders in NOSQL and graph database applications. New partners include HP, OpenCredo, Open Software Integrators, InfoClear, McKnight Consulting Group, Xnlogic, CodeCentric, Instil Software, JayWay, Lateral Thoughts, Morgner, SPP42, Xebia, Zenika, Centrum Systems, Readify, SpringSource, Heroku, Thoughtworks, and Capgemini. OpenCredo has delivered a mission-critical application for one of the world's largest Telcos. This application, along with several others, will be presented at the upcoming GraphConnect 2012 conference. Neo Technology is continuing to expand its partner base in both North America and Europe.

"At OpenCredo we pride ourselves on selecting technologies that deliver real value to our clients. Since becoming involved with Neo4j, we have worked on a large number of projects that deliver significant value through the use of this leading graph database technology. In joining the Neo4j Partner Graph we look forward to continuing to find new and innovative uses of this exciting technology alongside Neo Technology," said Jonas Partner, CEO, OpenCredo, and co-author of "Neo4j in Action," a new book from Manning.

Market Leadership
Earlier this year Matthew Aslett of the 451 Group published a report comparing the growth and market share of NOSQL databases, as measured by LinkedIn search results. His conclusion: Neo4j is not only the leading graph database but also is the fastest growing of all NOSQL databases. According to Aslett, "Neo4j's ascendency is due to it having the fastest growth rate of all the NOSQL projects in Q2, according to our search results."

Community Leadership
Thirty-one new Meetup Groups for Neo4j have sprung up over the last year in 27 cities across 15 countries.

Product Leadership
InfoWorld selected Neo4j for the Best Open Source Database award in September 2012. According to InfoWorld, "The database for interconnected data, Neo4j, provides a reliable platform for solving highly interconnected database problems."

GraphConnect Brings Graph Thought Leaders Together in San Francisco
Graph database thought leaders and Neo4j users, including Intuit, ThoughtWorks, FiftyThree, Squidoo, Adobe, Telenor, and Cisco, will present at Neo Technology's GraphConnect 2012 conference on November 5-6 in San Francisco. GraphConnect represents the 'center of the graph universe' by providing a forum for Graph thought leaders and organizations to come together to explore new ideas, share innovations in graph technology, and make connections with researchers and developers from around the world. Register for GraphConnect 2012 here.

Useful Links

About Neo Technology
Graphs are everywhere. From websites adding social capabilities to Telco's providing personalized customer services to innovative bioinformatics research, organizations are adopting graph databases as the best way to model and query connected data. Neo Technology researchers have pioneered graph databases since 2000 and have been instrumental in bringing the power of the social graph to customers such as Adobe, Cisco, and Deutsche Telekom. Now in production for nine years, Neo4j is the world's leading graph database with the largest ecosystem of partners and tens of thousands of successful deployments worldwide.

Neo Technology is a privately held company funded by Fidelity Growth Partners Europe, Sunstone Capital and Conor Venture Partners, and is headquartered in San Mateo, CA, with offices in Germany, UK, France, Belgium, Sweden, and Malaysia. For more information, please visit

Add to Digg Bookmark with Add to Newsvine

Press Contact:
Julie Tangen
Kulesa Faul for Neo Technology
(831) 251-3450
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical to maintaining positive ROI. Raxak Protect is an automated security compliance SaaS platform and ma...
The cloud. Like a comic book superhero, there seems to be no problem it can’t fix or cost it can’t slash. Yet making the transition is not always easy and production environments are still largely on premise. Taking some practical and sensible steps to reduce risk can also help provide a basis for a successful cloud transition. A plethora of surveys from the likes of IDG and Gartner show that more than 70 percent of enterprises have deployed at least one or more cloud application or workload. Yet a closer inspection at the data reveals less than half of these cloud projects involve production...
Internet of @ThingsExpo, taking place June 7-9, 2016 at Javits Center, New York City and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound cha...
We are rapidly moving to a brave new world of interconnected smart homes, cars, offices and factories known as the Internet of Things (IoT). Sensors and monitoring devices will touch every part of our lives. Let's take a closer look at the Internet of Things. The Internet of Things is a worldwide network of objects and devices connected to the Internet. They are electronics, sensors, software and more. These objects connect to the Internet and can be controlled remotely via apps and programs. Because they can be accessed via the Internet, these devices create a tremendous opportunity to inte...
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, explored the IoT cloud-based platform technologies driving this change including privacy controls, data transparency and integration of real time context with p...
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data shows "less than 10 percent of IoT developers are making enough to support a reasonably sized team....
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, rich desktop and tuned mobile experiences can now be created with a single codebase – without compromising functionality, performance or usability. In his session at DevOps Summit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, demonstrated examples of com...
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningful and actionable insights. In his session at @ThingsExpo, Paul Turner, Chief Marketing Officer at...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
The Internet of Everything is re-shaping technology trends–moving away from “request/response” architecture to an “always-on” Streaming Web where data is in constant motion and secure, reliable communication is an absolute necessity. As more and more THINGS go online, the challenges that developers will need to address will only increase exponentially. In his session at @ThingsExpo, Todd Greene, Founder & CEO of PubNub, exploreed the current state of IoT connectivity and review key trends and technology requirements that will drive the Internet of Things from hype to reality.
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessions, I wanted to share some of my observations on emerging trends. As cyber security serves as a fou...
Continuous processes around the development and deployment of applications are both impacted by -- and a benefit to -- the Internet of Things trend. To help better understand the relationship between DevOps and a plethora of new end-devices and data please welcome Gary Gruver, consultant, author and a former IT executive who has led many large-scale IT transformation projects, and John Jeremiah, Technology Evangelist at Hewlett Packard Enterprise (HPE), on Twitter at @j_jeremiah. The discussion is moderated by me, Dana Gardner, Principal Analyst at Interarbor Solutions.
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now all corporate assets – people, objects, and spaces – can share information about themselves and thei...
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound effect on the world, and what should we expect to see over the next couple of years.
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, wil...