Malmö-founded startup Neo4j, a graph database platform, has received a significant investment just a few days ago! The plan for the recent acquisition is to expand the team internationally.
Neo4j is a Big Data tool that is tailored to map, store, and traverse networks of data to reveal invisible contexts and relationships. The platform uses intuitive analyzing data points. Recently the company has started to work on implementing Artificial Intelligence to improve their service.
The startup was founded by Emil Eifrém in 2007, who is currently the company’s CEO. He says that their customers include 20 of the top 25 banks and 7 of the top 10 retailers, some examples include eBay, Walmart, Microsoft, Airbnb, UBS, IBM, NASA and Cisco.
The startup is both based in San Fransisco and Malmö. With the funding, Eifrém told Malmö Startups community that the company is expanding its personnel in Malmö a lot:
“We want to grow the engineering team primarily in Malmö and create Europe’s leading deep tech company based here.