Neo4J’s Series F is the largest in database history.

Neo4J, claimed Thursday it raised the largest investment in a private database company after its Series F $325 million round. Eurazeo led the funding, which saw new investors GV, DTCP, and Lightrock also participating. Existing investors Greenbridge Partners, One Peak, and Creandum chipped in too. (Neo4J)

True to form, Neo4j graphically depicted the funding as below.

Pandemic boosts usage of graph databases

The pandemic significantly accelerated the use of graph technologies, making 2020 an inflection point for the sector.

“Gartner published a piece in April of last year saying COVID-19 demanded urgent use of graph technologies,” Lance Walter, Neo4j’s senior director of product marketing, told Datanami. “On the COVID and corporate front, we did see a lot more appreciation [of graph] We saw three to five years of market maturation happen in what felt like a year, year and a half.”

Neo4j quotes Gartner to say:  “By 2025, graph technologies will be used in 80% of data and analytics innovations, up from 10% in 2021, facilitating rapid decision making across the enterprise.”

Already, Neo4j’s technology powers workloads for the world’s largest connected data applications, and it counts 75% of the Fortune 100 amongst its customers. Customers include Adobe, AstraZeneca, eBay,  Levi Strauss & Co., UBS, Volvo Cars, and Walmart.

“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,” said Emil Eifrem, Neo4j’s CEO and Co-Founder. “This is a magical time in databases, presenting an opportunity for a handful of generational companies to emerge as leaders in the broader landscape. Neo4j is one of these companies, and today’s record-breaking transaction in the database space demonstrates that our new and existing investors share this belief.”

Use of funds

Neo4j will use the new money to accelerate its offerings in the cloud and graph data science.

It also plans to grow its ecosystem of complementary technologies and expert service providers, to deliver complete solutions.

Related Story:  The Pandemic-Triggered Shift To Cloud Boosts Growth At Cockroach Labs