Neo Technology, a US-based database company Neo Technology, has nearly doubled the money it has raised from a venture consortium after closing an $11m series B round.
In September last year, Neo raised a $10.6m A round, led by Fidelity Growth Partners Europe, a corporate venturing division of US-based financial services firm Fidelity Investments.
Venture capital funds Sunstone Capital and Conor Venture Partners made up the investors in the round, having previously co-led Neo’s $2.5m seed round in October 2009. For the B round, Sunstone led, with participation from Fidelity and Conor.
Neo Technology builds NoSQL databases, and its Neo4J database engine is designed to solve complex data challenges for businesses.
Nikolaj Nyholm, partner at Sunstone Capital, said: “At this point last year, Neo had one enterprise customer: Cisco. Today Neo has [more than] 20 global 2000 customers, including Cisco, Vivendi, Deutsche Telekom, Lockheed Martin, BAE Systems, Telenor, LexisNexis, Intercontinental Exchange, Adobe, and Pitney Bowes.”
Start-ups Squidoo, FiftyThree, GlassDoor, Teachscape, Gamesys, Viadeo, MoviePilot, InfoJobs, and Woozworld are also using Neo4J, the company said.