Neo4j Closes Banner Year Marked by Customer Successes, Continued Industry Validation, Community Engagement, and Major Funding
Neo4j, the world’s leading graph data platform, crossed $100 million in annual recurring revenue (ARR) during 2021. The year was marked by strategic product innovation that drove customer and partner excellence, strong community engagement, and super-sized venture funding investments.
“Neo4j has pioneered the graph space for a number of years, with critical deployments among major credit card firms for fraud detection, as well as use cases in areas driven by the pandemic, including product testing and supply chain analysis,” said Carl Olofson, Research Vice President at IDC.
Neo4j continued to grow in popularity throughout 2021 as the world’s most widely deployed graph database, maintaining its position as a top 20 database overall. Momentum drivers include the accelerated adoption of Neo4j AuraDB, a fully managed service that reduces friction as complex applications shift to the cloud, as well as the success of Neo4j Graph Data Science, a complete toolset for data scientists to apply graph algorithms for more effective machine learning and better predictions.
Over 1,000 organizations depend on Neo4j for mission-critical applications, and many thousands more experiment, prototype, and deploy Neo4j’s expanding portfolio of cloud services. Notable customers include Pfizer, PepsiCo, Inc., World Health Organization (WHO), Cable News Network, Inc. (CNN), and BMW Group.
Neo4j’s success in helping customers across industries such as Financial Services, Retail, and Healthcare caught the attention of investors, leading to $390 million in new investments raised in 2021, and launching Neo4j to a $2 billion valuation. On top of being the largest single funding round to date in the database space, Neo4j also welcomed GV (formerly Google Ventures) as a strategic investor and added former Google CFO, Patrick Pichette, to its board to offer increased industry expertise for the next phase of growth.
Patrick Pichette, Inovia Capital Partner and Neo4j Board Member, touched upon Neo4j’s momentum over the past year.
“2021 marked an incredible year for Neo4j and graph technology at large,” said Pichette. “What really sets Neo4j’s graph technology apart is that it uniquely solves some of the world’s most complex challenges. Neo4j is poised for strong, consistent growth leading into 2022, and we’re excited to be part of that journey.”
Emil Eifrem, CEO and Co-Founder of Neo4j, reflected on the past year and leading one of only a handful of private database companies to cross $100 million in ARR.
“In 2021, we demonstrated that Neo4j is a mainstay of modern data infrastructure, grounded in a global community of developers and data scientists, empowered with a rich portfolio of technology to address complex challenges, and scale without barriers,” said Eifrem. “We enter 2022 with the wind at our backs, and the right talent and leadership in place. We’re poised to deliver Neo4j to a fast-growing user base, and continue to delight our customers as their use cases become more exacting.”
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