Emil Eifrém, co-founder of Neo4j, the Malmö-founded graph database company, has recently had a longer interview with Breakit (in Swedish).
Neo4j is one of the unicorns that have emerged from this region, being latest valued at over € 2.3 billion (in 2024), and according to Emil Eifrém it has seen its annual recurring revenue grow a lot since then. He says in the article that Neo4js growth in the second quarter of this year is as high as it was all of 2025.
The company sees this strong growth at it is perfectly positioned to capitalize on the AI revolution with its GraphRAG technology, which enhances AI reliability by 80 percent, according to a company-funded study.
Emil says in the interview Neo4j is cash flow positive in its core operations, and that they are investing € 100 million over three years to expand their AI capabilities. Despite pressure from investors, Emil remains cautious about an IPO. He noted that the current market volatility makes being a public company particularly challenging.
For now, he is focused on growing the business, with a recent acquisition aimed at competing with Palantir in the AI space, where he sees a lot of potential for a Europe-focused alternative to Peter Thiels Palantir.
The journey has however not been without challenges, which Emil tells in the interview. Especially when an early prominent VC pulled out of a funding round early in the company’s life. Read the interview at Breakit (in Swedish).
