![]() This interview has been edited and condensed for clarity. In an interview with Protocol, Eifrem talked about why he thinks the split within the market will grow more pronounced and why enterprises are increasingly picking databases tailored to specific end applications. The company raised $325 million in June - the most ever for a database startup, according to Neo4j - and is considering an IPO in the next few years, according to a marketing slide viewed by Protocol. ![]() But Neo4j is well on the way to establishing itself as a leader. The company is not alone among graph database companies AWS, for example, launched its own graph database called Neptune in 2018. But Neo4j is a bit different in that it's peddling a newer type of architecture called graph databases, systems that are able to take the increasing amount of information that companies are collecting and draw immediate connections between them, something that Eifrem argued is impossible with the tabular databases of the past. Other leaders in the real-time processing sector are likely to disagree with Eifrem's viewpoint. They're way bigger than what the relational database was, for example, in the late '80s, early '90s." "If you are the leader of one of these big, new segments, those are massive categories. But it's going to be $100 billion" in just a few years, he told Protocol. "The database market is the single biggest one in all of enterprise software. But Eifrem is betting that owning just a sliver of the booming market will be lucrative. It's a subsector that Eifrem said is dominated by six players: Microsoft, Google Cloud, AWS, Redis Labs, MongoDB and, of course, Neo4j. In Neo4j CEO Emil Eifrem's mind, the database industry is split into two camps: systems that deal with historical data and those that support real-time processing.
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