Patrick Pichette, Inovia Partner, Former CFO at Google, and Current Twitter Board Chair, Joins Neo4j Board of Directors
Inovia Leads Extension to Neo4j Series F, Bringing the Largest Private Capital Raise in Database History to Over $390 Million
SAN MATEO, Calif. – November 9, 2021 – opens in new tabNeo4j®, the world’s leading graph data platform, announced today that Patrick Pichette has been appointed to the company’s Board of Directors.
As Neo4j continues to extend its lead in the graph category that it created, Pichette will contribute to the company’s evolution by drawing from decades of scaling for innovation and his passion for technologies that have a positive impact on the world.
opens in new tabInovia Capital, where Pichette serves as Partner, led an extension to increase opens in new tabNeo4j’s recent Series F funding round to $390 million – the largest investment in a private database company. New investor opens in new tabAlanda Capital Management and opens in new tabOne Peak (an investor since 2018) also participated in the Series F extension.
Caption: Patrick Pichette, Chairman of the Board at Twitter and former Google CFO, joins Neo4j’s Board of Directors.
Patrick Pichette joins Neo4j as an independent board member. Currently a partner at Inovia Capital, he has 30 years of financial and operating expertise leading world-class companies like opens in new tabGoogle, Sprint Canada, and opens in new tabBell Canada to break through the complexities of hyper-growth and digital transformation. Patrick is now the Chairman of the Board of opens in new tabTwitter and opens in new tabLightspeed. In addition, he serves as an independent investor, advisor, and board member to a number of startups and innovation networks around the world.
“We are looking forward to working closely with Neo4j’s seasoned executive team as they chart the next chapter of the company’s global expansion, market leadership, and innovation journey,” Pichette said. “Neo4j’s graph technology offers a truly unique solution to solve some of the world’s most complex challenges, with a clear focus on promoting transparency and positive social change – this is very exciting.”
Emil Eifrem, Neo4j’s CEO and Co-Founder, characterized the news as a major milestone in Neo4j’s journey to becoming a opens in new tabgenerational data infrastructure company.
“At a fundamental level, Patrick Pichette and his team understand Neo4j and share our belief in the power of graph technology to help us to understand the world better,” Eifrem said. “Patrick’s experience at Twitter and Google, both companies built on the transformative power of graphs, are invaluable to Neo4j at this stage of our journey. We welcome Inovia and Alanda as investment partners and thank One Peak for their continued support.”
Trusted by more than 950 enterprise customers, including opens in new tabAdobe, opens in new tabAstraZeneca, opens in new tabeBay, opens in new tabLevi Strauss & Co., opens in new tabUBS, and opens in new tabVolvo Cars, Neo4j is opens in new tabthe world’s most widely deployed graph database.
As the graph category creator, Neo4j has built a global community of hundreds and thousands of highly skilled application developers and data scientists around its technology ecosystem. These practitioners are building wide-ranging applications, unable to be served by relational or other NoSQL databases, which require digitizing data connections at scale. Examples include determining the opens in new tabprice of an airline ticket in real time, exposing complex criminal networks responsible for opens in new tabcyberattacks and opens in new tabmoney laundering like the opens in new tabICIJ’s most recent opens in new tabPandora Papers investigation.
According to Gartner®, “By 2025, graph technologies will be used in 80% of data and analytics innovations, up from 10% in 2021, facilitating rapid decision-making across the enterprise.” Source: Gartner, Top Trends in Data and Analytics for 2021, Rita Sallam et al., 16 Feb 2021.
For more information about today’s announcement, read Emil Eifrem’s blog post, opens in new tabPlease Welcome Patrick Pichette – Inovia Partner, Former CFO at Google, and Current Twitter Board Chair – to the Neo4j Board.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
About Neo4j
Neo4j is the world’s leading graph data platform. We help organizations – including opens in new tabComcast, opens in new tabICIJ, opens in new tabNASA, opens in new tabUBS, and opens in new tabVolvo Cars – capture the rich context of the real world that exists in their data to solve challenges of any size and scale. Our customers transform their industries by curbing financial fraud and cybercrime, optimizing global networks, accelerating breakthrough research, and providing better recommendations. Neo4j delivers real-time transaction processing, advanced AI/ML, intuitive data visualization, and more. Find us at opens in new tabneo4j.com and follow us at opens in new tab@Neo4j.
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