Neo4j, a US-based provider of graph-centric database and related products, has raised $325m at a more than $2bn valuation in its series F round led by France-based private equity firm Eurazeo.
Additional capital came from Alphabet’s corporate venture unit GV (formerly known as Google Ventures) through partners Erik Nordlander – who wrote the first cheque in Cockroach Labs (last value $2bn earlier this year) – and Tom Hulme. In addition, Deutsche Telekom’s corporate venturing unit, DTCP, was a new investor through Florent-Aurélien Couturier-Crouzillac.
As news provider TechCrunch noted, in the past, most business analysis was built on relational databases but inter-connected complexity is creeping in everywhere so graph-based data models have become central to modern machine learning and artificial intelligence applications.
This interest in the next generation of analytics tools is pushing the subsector to record heights both by deal value and volume for rounds including corporations, according to GCV Analytics.
