Memgraph raises over €8 million in seed funding to provide Streaming Graph Algorithms to the masses

Memgraph, the world’s fastest and most scalable graph database platform powers the next generation of real-time intelligent applications; it raised about € 8 million in a Seed round led by Microsoft’s venture fund M12, with participation by Id4 Ventures, as well as In-Q-Tel, a leading VC firm known for its proactive early spotting and backing of cutting-edge technologies that serve US national security interests.

For the record, Memgraph was founded by Dominik Tomicevic, a brilliant visionary to have been shortlisted as one of the top 10 under 30 young entrepreneurs (Forbes UK, 2017) and also the Bill Gates’ Imagine Cup Winner of 2011.

Memgraph provides a graph platform as a service. It's used by developers looking to build applications that enable companies to solve a multitude of problems at an extremely fast pace. Their solution optimally deals with massive data volumes and provides real-time analytics, supporting today’s big data challenges. Whether for customer analytics, fraud detection, risk assessment or another real-world challenge, the ability to quickly and efficiently explore and predict complex relationships is a huge competitive differentiator for businesses.

We are thrilled to see their achievements recognised through this € 8 m Seed round. This will enable Memgraph’s visionary team to continue affirming its market leadership and expansion.

More details here

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