Welcome!

Open Source Cloud Authors: Elizabeth White, William Schmarzo, David Paquette, Ed Featherston, Liz McMillan

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 www.neotechnology.com

Add to Digg Bookmark with del.icio.us 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
As ridesharing competitors and enhanced services increase, notable changes are occurring in the transportation model. Despite the cost-effective means and flexibility of ridesharing, both drivers and users will need to be aware of the connected environment and how it will impact the ridesharing experience. In his session at @ThingsExpo, Timothy Evavold, Executive Director Automotive at Covisint, will discuss key challenges and solutions to powering a ride sharing and/or multimodal model in the a...
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
WebRTC adoption has generated a wave of creative uses of communications and collaboration through websites, sales apps, customer care and business applications. As WebRTC has become more mainstream it has evolved to use cases beyond the original peer-to-peer case, which has led to a repeating requirement for interoperability with existing infrastructures. In his session at @ThingsExpo, Graham Holt, Executive Vice President of Daitan Group, will cover implementation examples that have enabled ea...
SYS-CON Events announced today that Numerex Corp, a leading provider of managed enterprise solutions enabling the Internet of Things (IoT), will exhibit at the 19th International Cloud Expo | @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Numerex Corp. (NASDAQ:NMRX) is a leading provider of managed enterprise solutions enabling the Internet of Things (IoT). The Company's solutions produce new revenue streams or create operating...
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lea...
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams. In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors. In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
Businesses are struggling to manage the information flow and interactions between all of these new devices and things jumping on their network, and the apps and IT systems they control. The data businesses gather is only helpful if they can do something with it. In his session at @ThingsExpo, Chris Witeck, Principal Technology Strategist at Citrix, will discuss how different the impact of IoT will be for large businesses, expanding how IoT will allow large organizations to make their legacy ap...
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the protocols that communicate data and the emerging data analy...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...