According to the company, Neo4j’s $ 325 million Series F funding round is the largest investment round in database history.
“With this biggest round of investment in databases, we aim to make graph databases the largest part of the new database market and make Neo4j a generation of companies that will last for decades,” said Neo4j founder and CEO Emil Eifrem. Says. Written in Blog post..
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Eifrem predicts that the new decade will bring about a “significant separation of the database market” with four different segments that sit side by side with traditional relational databases.
One trend is that graph databases are already the fastest growing database category in the last decade, so grassroots adoption is expected.
Another trend is that many large companies are already adopting graph databases, including all 20 of the largest companies and 7 of the 10 largest retailers.
“By 2025, graphing technology will be used in 80% of data and analysis innovations, up from 10% in 2021,” wrote analyst Gartner. Top 10 Technology Trends in 2021 Data Analysis report.
The third trend is that graph databases are becoming an indispensable tool for data scientists as well as developers.
Finally, the Neo4j database is a live social network application that runs on over 1 trillion relationship graphs, shards across over 1,000 servers, and performs deep, complex graph queries that return results in less than 20 milliseconds. As the company has demonstrated, it is equipped for significant expansion. ..
https://sdtimes.com/data/neo4j-raises-325-million-in-series-f-funding-round/ Neo4j Raises $ 325 Million in Series F Financing Round