Emil Eifrem, co-founder and CEO of Neo4j, discusses the total addressable market potential for graph databases within enterprise software.
Assertion Not checkable as stated
Eifrem: Neo4j powers 99% of all flight ticket route calculations
“99% of all flight ticket calculations, so which route should I go from point A to point B when I fly from Paris to New York? Is that a direct flight or connecting Heathrow? Like, how do I get there, right? Is done with Neo for J. 99% of our airfare.”
Assertion Partly supported
Eifrem: Only 5 modern NoSQL database companies have crossed $100M ARR
“There's five database companies that have crossed a hundred million, right, of the, kind of the, let's call it the NoSQL crowd, or like modern operational database companies. It's, You know, Mongo, and then it's us and Redis. We're on that kind of Mongo path. …”
Assertion Supported
Eifrem: Neo4j is frequently 1,000 times faster for connected data queries
“We've optimized every layer in the stack of the database architecture completely around connected data. We're not built on top of a different database or anything. It's a native architecture. And that means that if you want to query along how things are connec…”
Assertion Supported
Eifrem: Neo4j's 2021 funding round valued the company over $2B
“We raised this round, you know, last summer, and it's the first time that we went out with some numbers, like the valuation for the first time, which was north of north of two billion. And there's actually the largest round in database history, right?”
Assertion Partly supported
Eifrem: GQL standard query language is 98% identical to Cypher
“For the first time ever, In the history of databases, the SQL committee looked at Cypher, looked at graph databases, and then said, you know what? This category is here to last. This is an actual sibling to SQL, and they created the GQL query language, which i…”
Assertion Not checkable as stated
Eifrem: Over 75% of Fortune 100 companies use Neo4j
“Over 75% of the Fortune 100 are using NeoFj today, so all 20 of the biggest banks in North America, all 20 of them are using NeoFj, seven of the 10 The biggest retailers in the world are using NeoFj for the five biggest, biggest telcos.”