MENLO PARK, CA, Neo Technology raised the stakes for NOSQL in the Enterprise today with $10.6 million in Series A venture capital funding. The investment will be used to fuel product development in the rapidly growing industry, meet the needs of Neo's expanding customer base, and further deliver on its vision for driving NOSQL into the enterprise. Chris Barchak of Fidelity Growth Partners Europe has joined the company's board along with industry veteran Rod Johnson - the founder and former CEO of SpringSource - who participated in the funding and will become board Chairman.

The funding was led by Fidelity Growth Partners Europe, a venture and growth capital investment firm with a global network and a 40-year history of venture investing. Seed investors, Sunstone Capital and Conor Venture Partners, also participated in the round. Today's news is the latest in a string of announcements that indicate the NOSQL space is maturing. Over the past month, Neo Technology, Couchbase and 10Gen/MongoDB have collectively raised over $54 million.

Neo Technology delivers Neo4j, the NOSQL Enterprise Open source database. Neo4j, based on a robust, flexible and scalable graph database engine, is the industry's only NOSQL database capable of solving the complex, connected data challenges that enterprise application developers face today. Unique to NOSQL databases, Neo4j caters to enterprise developers with mature support for transactions, high availability, first-class Java support, and ease of development.

As the world of data explodes in volume and complexity, many applications and databases have difficulty handling sophisticated queries with high performance. Neo Technology addresses such challenges by providing a NOSQL database that is transactional, durable, and can scale to handle complex, ever-changing data and its associated requirements. As enterprise adoption of NOSQL accelerates and more companies look to bring on known and trusted 'enterprise ready' tools, Neo Technology is emerging as the leading provider of NOSQL for the enterprise.