Friday, November 2, 2012

Neo Technology Gains $11M For Graph Databases

San Mateo-based Neo Technology, which develops open source database tool Neo4j, said Friday that it has raised $11M in a Series B funding round. The firm said the funding came from its existing investors, which include Fidelity Growth Partners Europe and Conor Venture Partners. Neo4j is a graph database which enables high performance retrieval of interconnected, graph data, a task which is very computation intensive for standard SQL other databases. The firm said its performance can be as much as 1000x faster for those database queries. Neo Technology is led by Emil Eifrem. More information »