Graph database technology is allowing enterprises to surface connections within previously disparate sets of data. Industries from retail to financial services are using the tech to gain deeper insight into customers, suppliers, internal units and more. The technology allows users to search databases using semantic queries like "How are my customers related to each other?". Techcrunch reports on the latest funding round for one of the industry's biggest providers.
Neo Technology, developers of the neo4j graph database have been growing steadily, and investors have noticed, rewarding them with a $20M Series C pay day. Creandum led the round joined by Dawn Capital and current investors Fidelity Growth Partners Europe, Sunstone Capital and Conor Venture Partners. The company’s last funding round was in November, 2012 for $11M, and this latest cash brings the total investment to $44.1M. You might not have heard of graph databases, but they play an important role in building relationships between data. The most common example is Facebook’s social graph, which consists of the connections between you and your friends in the network. In eCommerce, it’s what makes the connection that “people who bought this, might also like that” on Amazon and other eCommerce sites.