Neo4j raises $325M series F

#1

Post by hugofirth » Thu, Jun 17, 2021, 4:29 PM UTC

Re: Neo4j raises $325M series F

#2

Post by mkr-hn » Thu, Jun 17, 2021, 5:21 PM UTC

It's always interesting to hear about huge funding rounds for companies I've never heard of. Even more so when they apparently work with a bunch of companies I have heard of.

Re: Neo4j raises $325M series F

#3

Post by handrous » Thu, Jun 17, 2021, 5:25 PM UTC

mkr-hn wrote: post #2

It's always interesting to hear about huge funding rounds for companies I've never heard of. Even more so when they apparently work with a bunch of companies I have heard of.

They're a fairly major graph database product with a well-funded sales team that has been hammering the "I mean, doesn't everything look kinda like a graph? Isn't your data kinda a graph? You should definitely use us as your database-of-record, or for literally anything else you might use a database for, look how fast we are at graph stuff!" line hard and (apparently) with great success.

Re: Neo4j raises $325M series F

#4

Post by objektif » Thu, Jun 17, 2021, 5:26 PM UTC

handrous wrote: post #3

mkr-hn wrote: post #2

It's always interesting to hear about huge funding rounds for companies I've never heard of. Even more so when they apparently work with a bunch of companies I have heard of.

They're a fairly major graph database product with a well-funded sales team that has been hammering the "I mean, doesn't everything look kinda like a graph? Isn't your data kinda a graph? You should definitely use us as your database-of-record, or for literally anything else you might use a database for, look how fast we are at graph stuff!" line hard and (apparently) with great success.

So are you saying sales works?

Re: Neo4j raises $325M series F

#5

Post by whalesalad » Thu, Jun 17, 2021, 5:29 PM UTC

> Series F

Yikes

> largest investment in a private database company

I guess this is one of those PR moves that is trying to make something lame sound good? If your customer portfolio includes Walmart, Volvo and AstraZeneca why are you raising money a 6th time?

Re: Neo4j raises $325M series F

#6

Post by haolez » Thu, Jun 17, 2021, 5:29 PM UTC

Series F? Is that a bad smell or is it considered normal nowadays? Genuine question.

Re: Neo4j raises $325M series F

#7

Post by nisa » Thu, Jun 17, 2021, 5:32 PM UTC

cypher is really cool and with neosemantics[1] you have the best of both worlds - labeled property graphs and rdf* they even have a cool reasoner and sparql.

that being said I thought about porting it to postgresql with apache age vs. using neo4j for a project because it's faster at least for this usecase. Easier said than done, through.

If you want to play with graphs and linked-data it's super cool. There is also structr[2] that builds CMIS / Alfresco ECM like functionality atop neo4j with graaljs scripts.

1: https://github.com/neo4j-labs/neosemantics

2: https://github.com/structr/structr

Re: Neo4j raises $325M series F

#8

Post by handrous » Thu, Jun 17, 2021, 5:33 PM UTC

objektif wrote: post #4

handrous wrote: post #3

Earlier quoted context omitted.

They're a fairly major graph database product with a well-funded sales team that has been hammering the "I mean, doesn't everything look kinda like a graph? Isn't your data kinda a graph? You should definitely use us as your database-of-record, or for literally anything else you might use a database for, look how fast we are at graph stuff!" line hard and (apparently) with great success.

So are you saying sales works?

Yeah, I mean, it's not the first time a database that's best-suited to a niche use-case has successfully had its market hugely expanded by sales & marketing promoting it as a superior replacement for what are in fact better general-use products. Clearly, it's a playbook that works.

Re: Neo4j raises $325M series F

#9

Post by hacksaw_hetty » Thu, Jun 17, 2021, 5:33 PM UTC

haolez wrote: post #6

Series F? Is that a bad smell or is it considered normal nowadays? Genuine question.

Normal - just take a look on crunchbase

Re: Neo4j raises $325M series F

#10

Post by oauea » Thu, Jun 17, 2021, 5:33 PM UTC

handrous wrote: post #3

mkr-hn wrote: post #2

It's always interesting to hear about huge funding rounds for companies I've never heard of. Even more so when they apparently work with a bunch of companies I have heard of.

They're a fairly major graph database product with a well-funded sales team that has been hammering the "I mean, doesn't everything look kinda like a graph? Isn't your data kinda a graph? You should definitely use us as your database-of-record, or for literally anything else you might use a database for, look how fast we are at graph stuff!" line hard and (apparently) with great success.

I'm sure it's fast, but also consumes a ridiculous amount of memory. Tried loading a smallish dataset into neo4j that runs on a 100mb ram postgres server just fine. Neo4j wanted gigabytes of memory.