Welcome!

Open Source Authors: Bob Gourley, Carmen Gonzalez, Elizabeth White, Liz McMillan, Yeshim Deniz

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
SYS-CON Events announced today that AgilePoint, the leading provider of Microsoft-centric Business Process Management software, will exhibit at SYS-CON's 2nd International @ThingsExpo which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. AgilePoint is the leading provider of Microsoft-based Business Process Management (BPM) software products, has 1,300+ on-premise and cloud deployments in 25+ countries and provides the same advanced BPM feature set as J2EE vendors like IBM and Appian for the Microsoft .NET native environment. AgilePoint customer...
Samsung VP Jacopo Lenzi, who headed the company's recent SmartThings acquisition under the auspices of Samsung's Open Innovaction Center (OIC), answered a few questions we had about the deal. This interview was in conjunction with our interview with SmartThings CEO Alex Hawkinson. IoT Journal: SmartThings was developed in an open, standards-agnostic platform, and will now be part of Samsung's Open Innovation Center. Can you elaborate on your commitment to keep the platform open? Jacopo Lenzi: Samsung recognizes that true, accelerated innovation cannot be driven from one source, but requires a...
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at Internet of @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, will discuss how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money! Speaker Bio: Esmeralda Swartz, CMO of MetraTech, has spent 16 years as a marketing, product management, and busin...
SYS-CON Events announced today that TeleStax, the main sponsor of Mobicents, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. TeleStax provides Open Source Communications software and services that facilitate the shift from legacy SS7 based IN networks to IP based LTE and IMS networks hosted on private (on-premise), hybrid or public clouds. TeleStax products include Restcomm, JSLEE, SMSC Gateway, USSD Gateway, SS7 Resource Adaptors, SIP Servlets, Rich Multimedia Services, Presence Services/RCS, Diame...
Things are being built upon cloud foundations to transform organizations. This CEO Power Panel at 15th Cloud Expo, moderated by Roger Strukhoff, Cloud Expo and @ThingsExpo conference chair, will address the big issues involving these technologies and, more important, the results they will achieve. How important are public, private, and hybrid cloud to the enterprise? How does one define Big Data? And how is the IoT tying all this together?
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...
The only place to be June 9-11 is Cloud Expo & @ThingsExpo 2015 East at the Javits Center in New York City. Join us there as delegates from all over the world come to listen to and engage with speakers & sponsors from the leading Cloud Computing, IoT & Big Data companies. Cloud Expo & @ThingsExpo are the leading events covering the booming market of Cloud Computing, IoT & Big Data for the enterprise. Speakers from all over the world will be hand-picked for their ability to explore the economic strategies that utility/cloud computing provides. Whether public, private, or in a hybrid form, clo...
SYS-CON Events announces a new pavilion on the Cloud Expo floor where WebRTC converges with the Internet of Things. Pavilion will showcase WebRTC and the Internet of Things. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices--computers, smartphones, tablets, and sensors – connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades.
SYS-CON Events announced today that Gridstore™, the leader in software-defined storage (SDS) purpose-built for Windows Servers and Hyper-V, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Gridstore™ is the leader in software-defined storage purpose built for virtualization that is designed to accelerate applications in virtualized environments. Using its patented Server-Side Virtual Controller™ Technology (SVCT) to eliminate the I/O blender effect and accelerate applications Gridsto...
SYS-CON Events announced today that Red Hat, the world's leading provider of open source solutions, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, a...
As the Internet of Things unfolds, mobile and wearable devices are blurring the line between physical and digital, integrating ever more closely with our interests, our routines, our daily lives. Contextual computing and smart, sensor-equipped spaces bring the potential to walk through a world that recognizes us and responds accordingly. We become continuous transmitters and receivers of data. In his session at Internet of @ThingsExpo, Andrew Bolwell, Director of Innovation for HP’s Printing and Personal Systems Group, will discuss how key attributes of mobile technology – touch input, senso...
The Internet of Things (IoT) is making everything it touches smarter – smart devices, smart cars and smart cities. And lucky us, we’re just beginning to reap the benefits as we work toward a networked society. However, this technology-driven innovation is impacting more than just individuals. The IoT has an environmental impact as well, which brings us to the theme of this month’s #IoTuesday Twitter chat. The ability to remove inefficiencies through connected objects is driving change throughout every sector, including waste management. BigBelly Solar, located just outside of Boston, is trans...
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, will examine three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics...
Internet of @ThingsExpo Silicon Valley announced on Thursday its first 12 all-star speakers and sessions for its upcoming event, which will take place November 4-6, 2014, at the Santa Clara Convention Center in California. @ThingsExpo, the first and largest IoT event in the world, debuted at the Javits Center in New York City in June 10-12, 2014 with over 6,000 delegates attending the conference. Among the first 12 announced world class speakers, IBM will present two highly popular IoT sessions, which will take place November 4-6, 2014 at the Santa Clara Convention Center in Santa Clara, Calif...
The Internet of Things (IoT) promises to evolve the way the world does business; however, understanding how to apply it to your company can be a mystery. Most people struggle with understanding the potential business uses or tend to get caught up in the technology, resulting in solutions that fail to meet even minimum business goals. In his session at Internet of @ThingsExpo, Jesse Shiah, CEO / President / Co-Founder of AgilePoint Inc., will show what is needed to leverage the IoT to transform your business. He will discuss opportunities and challenges ahead for the IoT from a market and tec...
From a software development perspective IoT is about programming "things," about connecting them with each other or integrating them with existing applications. In his session at @ThingsExpo, Yakov Fain, co-founder of Farata Systems and SuranceBay, will show you how small IoT-enabled devices from multiple manufacturers can be integrated into the workflow of an enterprise application. This is a practical demo of building a framework and components in HTML/Java/Mobile technologies to serve as a platform that can integrate new devices as they become available on the market.
SYS-CON Events announced today that O'Reilly Media has been named “Media Sponsor” of SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. O'Reilly Media spreads the knowledge of innovators through its books, online services, magazines, and conferences. Since 1978, O'Reilly Media has been a chronicler and catalyst of cutting-edge development, homing in on the technology trends that really matter and spurring their adoption by amplifying "faint signals" from the alpha geeks who are creating the future. An...
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
SYS-CON Events announced today that Aria Systems, the recurring revenue expert, has been named "Bronze Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Aria Systems helps leading businesses connect their customers with the products and services they love. Industry leaders like Pitney Bowes, Experian, AAA NCNU, VMware, HootSuite and many others choose Aria to power their recurring revenue business and deliver exceptional experiences to their customers.
The Internet of Things (IoT) is going to require a new way of thinking and of developing software for speed, security and innovation. This requires IT leaders to balance business as usual while anticipating for the next market and technology trends. Cloud provides the right IT asset portfolio to help today’s IT leaders manage the old and prepare for the new. Today the cloud conversation is evolving from private and public to hybrid. This session will provide use cases and insights to reinforce the value of the network in helping organizations to maximize their company’s cloud experience.