Neo Technology, creators of Neo4j, secures $36M in new financing round led by Greenbridge Investment Partners

 Leading graph database provider builds momentum as connected enterprises seek value in large volumes of data

SAN MATEO, CA--(Nov 10, 2016) - Neo Technology, creators of Neo4j -- the world's leading graph database -- has secured $36 million in new funding, further propelling graph technology into the mainstream and validating the value of the graph market as the space continues to heat up.

Neo Technology has been awarded a Series D investment of $36M (USD) from Greenbridge Investment Partners and existing investors including Sunstone, Creandum and Eight Roads Ventures.

"This new round of funding builds on the tremendous momentum we're seeing this year around Neo4j -- both development-wise and commercially -- as connected enterprises look for real-time value from unprecedented volumes of data and graph databases become the enterprise standard," said Emil Eifrem, CEO of Neo Technology and co-creator of Neo4j.

Managing Partner at Greenbridge Emanuel Lang explained the firm's decision to invest in Neo Technology: "Globally, we're generating more data than ever before through more users, devices and digital processes -- so much so that a company's ability to use this data will determine its competitive position in the future."

"We believe graph databases provide the best technology approach to store, correlate and deliver value from data relationships in real time," Lang continued. "Neo4j is the undisputed leader in that field -- with the largest community and customer base, the best technology and a leadership team that has demonstrated the ability to innovate and execute. When we look at the market forces, combined with Neo Technology's vision and execution, we believe we are investing in a technology as important as the relational revolution led by Oracle."

The market attention that Neo4j and graph databases are receiving was evident at the recently concluded GraphConnect conference in San Francisco where leading technologists from organizations such as NASA, Marriott, Cablevisión, Cisco and Novartis talked about their use cases to an audience of over 1000 attendees.

To date, Neo Technology has witnessed:

·        2.5M+ downloads of its product

·        200+ customers (from Walmart, eBay, Airbus, adidas, Pitney Bowes and Cisco)

·        1000s of production deployments

·        100+ partners and a thriving community of developers worldwide

·        450 events annually

·        5 consecutive years of growth at GraphConnect, its semi-annual user conference

Neo4j graph technology has already experienced wide-scale adoption in industries ranging from financial services and retail to government and telecommunications, where it is used for mission-critical applications as diverse as real-time pricing, online product and service recommendations, fraud detection, enterprise search and the Internet of Things (IoT).

Booming trends in digitization, process transformation, AI and machine learning are expected to further broaden the appeal of graph technology.

Neo Technology will use the funds in three key areas of the business: First, on continued research and development of the Neo4j product to further benefit current customers and cement its leading position in the space; second, to expand Neo Technology's footprint in the enterprise sector (its fastest growing segment) with strategic investments in sales and marketing; third and finally, to build deeper partnerships within the graph technology ecosystem in order to bring a wider range of solutions to existing users and customers.

 

About Neo Technology

Neo Technology is the creator of Neo4j, the world's leading graph database. Neo4j is a highly scalable native graph database that leverages data relationships as first-class entities to help companies build intelligent applications that meet today's evolving connected data challenges including fraud detection, real-time recommendations, master data management, network security and IT operations.

Global enterprises like Walmart, UBS, Cisco, HP, adidas Group and Lufthansa and hot startups like Medium, Qualia and Glowbl rely on Neo4j to harness the connections in their data.

Neo Technology is privately held and funded by Eight Roads Ventures, Sunstone Capital, Conor Venture Partners, Creandum, Dawn Capital and now Greenbridge Investment Partners. Headquartered in San Mateo, California, Neo Technology also has regional offices in Sweden, Germany and the UK. For more information, please visit Neo4j.com and @Neo4j.

 

About Greenbridge Investment Partners

Greenbridge is a privately-held investment firm with a focus on technology in mature and emerging markets. Greenbridge Investment Partners' strategy is to make long-term investments in a limited number of holdings in which it can enhance the value as an active shareholder. The team has valuable experience in both technology and strategy and aims to work closely with its portfolio companies' management to transform businesses into global leaders.

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NEXT Biometrics Group ASA issues NOK 120m private placement to Greenbridge Partners

Oslo, Norway

The Board of Directors of NEXT Biometrics Group ASA ("NEXT" or the "Company") has on 8 October 2015 resolved to propose that an extraordinary general meeting resolves to issue 2,000,000 new shares (the "New Shares") in a private placement directed at Greenbridge Partners Ltd (the "Private Placement"). The subscription price in the Private Placement shall be NOK 60 per New Share. The proceeds from the Private Placement will be used to finance the Company's business plan and commercialisation of the Company's products.

Greenbridge Partners Ltd has at the same time entered into an agreement with Ecomnex Holding AS, a company wholly owned by board member Ngoc Minh Dinh, pursuant to which Greenbridge Partners Ltd will acquire 333,333 shares in the Company at a price of NOK 60 per share (the "Share Acquisition").

NEXT CEO Tore Etholm Idsøe comments: Greenbridge Partners Ltd is a privately held investment company founded by Melker Schörling and Ola Rollén who has a deep knowledge of our industry. Greenbridge Partners Ltd has undertaken a thorough process before making the investment decision. They share our long term perspectives on the industry in general and NEXT in particular, and we are glad to welcome Greenbridge Partners Ltd as a large shareholder.

Completion of the Private Placement and the Share Acquisition is conditional upon the extraordinary general meeting (the "EGM") in NEXT (i) approving the Private Placement and (ii) appointing one representative of Greenbridge Partners Ltd as a new member of the Board of Directors. The EGM will be held on or about 2 November. The Board of Directors has considered that the Private Placement is the best financing alternative available and that there are sufficient reasons to deviate from the shareholders' pre- emption right to subscribe for the New Shares. This is based particularly on the fact that no existing shareholders are participating in the Private Placement and that the subscription price is considerably above the current market price of the shares, as well as above average market price of the shares during the recent period. Furthermore, the Board of Directors is of the view that the Company is not required to conduct a repair issue in connection with the PrivatePlacement, and a repair issue will not be proposed.

About NEXT Biometrics: Enabled by its patented Active Thermal Principle, NEXT Biometrics offers high quality area fingerprint sensor at low prices. A wide range of products format including Smartphones, tablets, PC's, doors, time registration systems, payment terminals, flashdrives, USB-tokens, keyfobs and many more are targeted. NEXT BIOMETRICS GROUP ASA is a publicly listed company headquartered in Oslo, Norway and with sales, support and development subsidiaries in Seattle, Silicon Valley, Taipei, Prague and Shanghai. For more information about the company, please visit www.nextbiometrics.com.

About Greenbridge Partners Greenbridge Partners is a privately held investment company with a focus on technology in mature and emerging markets. Greenbridge Partners' strategy is to invest in a limited number of holdings combined with a long-term view. The ultimate objective is to develop its holdings to become number 1 or number 2 in respective industries This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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