Neo4j, a graph platform, revealed that it had raised $325 million in a Series F round led by Eurazeo, with additional investment from GV. Neo4j plans to use the funds to expand its platform, personnel, and customer base, bringing the total raised to over $500 million, according to the company.
According to Markets and Markets, the graph database market will grow from $821.8 million in 2018 to $2.4 billion in 2023. Gartner experts predict that enterprise graph processing and graph databases would increase at a 100 percent annual rate through 2022, allowing 30 percent of enterprises to make better decisions by 2023.
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