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Tuesday 12 October 2021

$9.34m funding streams to graph tech provider Memgraph

Mengraph logoTechMarketView has been tracking the progress of graph technology and today brings the latest funding announcement in the sector. London-based Memgraph has raised $9.34m seed funding in a round led by Microsoft’s venture fund M12 with participation from Heavybit IndustriesIn-Q-TelCounterview CapitalID4 Ventures, and Mundi Ventures.

Founded in 2016, the company provides its Graph Application Platform designed to take advantage of streaming data, that provides the ability to stream, model and analyse data, as well as build and deploy graph based applications. 

The funding will be used to grow the team, accelerate R&D and bring new capabilities to market  (version 2.0 of the platform has just launched). The company is also aiming to increase adoption within the important developer community.

Graph technology is defined by the ability to handle multi-faceted relationships between data entities, this characteristic is valuable in situations where the connections between the data are as, or more, important than the individual data points. It’s that relationship characteristic that makes graph technology particularly interesting at a time when topics from cyber security and fraud detection to customer experience and engagement are high on corporate agendas.

Posted by: Angela Eager at 09:50

Tags: funding   startup  

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