/Companies

Memgraph

No public recordTechstars '16

Zagreb, HR · Founded 2016 · 11 known investors

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Memgraph develops a high-performance, in-memory graph database platform designed to process computations on streaming data. The company serves organizations across industries seeking advanced analytics capabilities that were previously available only to large technology companies.

Also known as Memgraph Ltd. · MemgraphDB

Founders & leadership

Memgraph was founded in 2016 by Marko and Dominik Tomicevic.

M
Marko
DTDominik Tomicevic
Dominik TomicevicFounder & CEOHe started the company in 2016 and has led it as chief executive since then. Prior details of his background are not documented here.

Investors · 11

Heavybit✓ confirmed by MemgraphSan Francisco · $500K – $5M

How we know: the company's own site · the Companies House shareholder list · funding news · Not right? Tell us

Techstarslisted by TechstarsBoulder · $220K

How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · open dataset · 5k.vc investor directory · Not right? Tell us

Acequia Capital (AceCap)on the registerSeattle · $100K – $5M

How we know: the Companies House shareholder list · funding news · Not right? Tell us

Also in the syndicate · 2

Heavybit IndustriesID4 Ventures

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Sep 2026

Memgraph develops an in-memory graph database written in C/C++ that stores data in the property graph model of nodes and relationships with key-value properties, and queries it with the Cypher/openCypher query language. The engine keeps working data in RAM to avoid disk I/O latency while persisting through periodic snapshots and a write-ahead log, and it supports ACID transactions with multi-version concurrency control and snapshot isolation, skip-list indexes, and Raft-based replication and coordination with automatic failover. The product is positioned around two workload families: AI context — GraphRAG retrieval, long-term AI memory (semantic, episodic and procedural) and agentic reasoning graphs — and real-time graph analytics such as fraud detection, network analysis, data lineage, knowledge graphs, identity and access management and supply chain modelling.

The platform combines built-in vector, text and geospatial indexes with graph traversal so hybrid retrieval can run inside a single Cypher query, and ships the MAGE library of 40+ graph algorithms in C++, Python and CUDA including PageRank, community detection, GNN-based link prediction, temporal graph networks and embeddings. Other capabilities include deep-path traversals, parallel query execution, custom query modules in Python, Rust and C/C++, native Parquet and JSONL loading from local disk, S3 or HTTP, streaming ingestion from Kafka, Pulsar and RedPanda, an MCP server and integrations with LangChain, LlamaIndex and other agent frameworks, plus real-time schema introspection for Text2Cypher. Enterprise features cover high availability, multi-tenancy, label- and node-level role-based access control, SSO and 30+ granular permissions, encryption in transit, monitoring and backup/restore. Tooling includes Memgraph Lab for visual exploration and ad hoc queries, mgconsole, browser-based Playground sandboxes, Helm charts for Kubernetes and a managed Memgraph Cloud service on AWS.

Founding story

Memgraph was founded in 2016 by Dominik Tomicevic and Marko Budiselic. After consulting for corporate clients, the founders concluded that existing graph database systems were not engineered for performance, and spent roughly five years building an in-memory graph database from the ground up before releasing it broadly to developers.

Business model

Open-core software. A fully functional Community Edition is distributed free under the Business Source License, while an Enterprise Edition adds security, availability and operational features such as role-based access control, auditing, encryption, multi-tenancy, high availability and support SLAs. Memgraph Cloud provides managed Enterprise instances on AWS.

Revenue comes from commercial Enterprise Edition licensing (with support SLAs) and the managed Memgraph Cloud service, alongside a free Community Edition.

Traction

Reported production deployments include NASA (people knowledge graph for talent management), Cedars-Sinai (knowledge-driven machine learning in Alzheimer's research) and Capitec Bank, which scores more than 3.5 million clients daily with an end-to-end pipeline running in about two hours. The GitHub repository has roughly 4.6k stars, 284 forks and over 5,357 commits. The engine is documented to handle graph sizes of 100 GB to 4 TB and 1,000+ transactions per second for reads and writes.

Latest developments

Recent open-source releases include v3.13.0 (2026-09-09), which introduced a range of breaking changes across Cypher semantics, APOC compatibility, coordinator privileges and metrics defaults, and v3.13.1 (2026-09-14), which added experimental Enterprise-only FIPS 140-3 support via a dedicated Docker image and a --fips-mode flag, plus fixes to SHOW METRICS INFO. Product messaging now centres on serving as a graph engine for AI context, including GraphRAG, AI memory and agentic AI.

▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Memgraph competes in the graph database market against Neo4j, ArangoDB, FalkorDB and Amazon Neptune, differentiating on in-memory performance and Neo4j Cypher compatibility. Its open-source repository has about 4,600 GitHub stars and 284 forks.

Sub-millisecond multi-hop traversals from an in-memory C/C++ architecture; combined vector, text and graph retrieval in a single atomic query rather than across multiple systems; Cypher compatibility and migration tooling for Neo4j users; streaming ingestion with dynamic graph algorithms that react to data changes; and a single engine serving both AI context and operational graph analytics workloads.

Technology

In-memory C/C++ engine with a property graph data model, openCypher/Cypher query interface and Neo4j compatibility. It provides ACID transactions, MVCC with snapshot isolation, write-ahead logging and periodic snapshots, skip-list indexes, an option to keep selected cold properties on disk, Raft-based replication and coordination, distributed/parallel query execution, and tuple-at-a-time execution. AI-oriented components include native vector and text indexes, atomic GraphRAG expressed as a single Cypher query, an LLM context-formatting module, and an AI toolkit with agent-framework integrations and an MCP server. Client support spans C, C#, C++, Elixir, Go, Haskell, Java, JavaScript, PHP, Python, Ruby and Scala; it runs on Linux, macOS, Windows and Kubernetes.

Go-to-market

Developer-led distribution through a free Community Edition, open-source GitHub repository, one-line installers, Docker images, Helm charts, browser Playground sandboxes and documentation, converting to paid Enterprise and Cloud offerings. Marketing emphasises migration from Neo4j and direct comparisons with Neo4j, ArangoDB, FalkorDB and Amazon Neptune, supported by case studies, whitepapers and a partner program.

Application developers and data teams building graph and AI workloads, ranging from open-source individual users to large enterprises; cited production users include NASA, Cedars-Sinai and Capitec Bank, and earlier LSI in chemical R&D scheduling. Common domains include financial services fraud detection, healthcare research, network and IT infrastructure monitoring, identity and access management, and supply chain.

Geography

Headquartered in London, United Kingdom (country of origin GB), with Memgraph Cloud available in six geographic regions on AWS.

History

The company was started in 2016 in the UK and, over subsequent years, broadened from a database into a platform focused on graph computations over streaming data. In October 2021 it publicly launched Memgraph 2.0 under a Business Source License alongside a seed financing round, and marked its sixth year in 2022. Development has continued on the open-source engine, with version 3.13.0 released on 2026-09-09 and 3.13.1 on 2026-09-14.

Risks & controversies

The core product is distributed under the Business Source License rather than a conventional open-source license, and several capabilities — including high availability, multi-tenancy, fine-grained access control, FIPS mode and the cross_database module — require a paid Enterprise license. The 3.13.0 release introduced multiple breaking changes that can alter query results without errors, requiring user remediation on upgrade.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Capitec Bank clients scored daily using MemgraphJan 20263,500,000 clients per day
GitHub commitsJan 20265,357 commits
GitHub forksJan 2026284 forks
GitHub starsJan 20264,600 stars
Graph algorithms in MAGE libraryJan 202640 algorithms (40+)
Memgraph Cloud regionsJan 20266 AWS regions
Supported graph sizesJan 2026100 GB–4 TB

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Related companies · 7

DataCampDataCamp is a learning platform for teams that teaches data and AI skills through hands-on coursework accessible via web browser and mobile app. It serves enterprise customers and development teams seeking to build technical capabilities.
Neo4jNeo4j develops a graph database and graph data platform used to build applications that leverage connected data, with products including AuraDB, Graph Data Science, and vector search for GraphRAG and GenAI use cases. It serves organizations from startups to Fortune 500 companies for applications such as recommendations, fraud detection, master data management, identity and access management, and logistics routing.
PuppygraphPuppyGraph is a zero-ETL graph analytics engine that lets data teams query existing relational data stores as a unified graph model without a separate graph database or data migration. It is used for applications like fraud detection, cybersecurity, supply chain optimization, and life sciences analytics, and offers a free Developer Edition and a production Enterprise Edition deployable via Docker or AWS AMI.
MongoDBMongoDB is a cloud database company that provides Atlas, a multi-cloud data platform for transactional, search, and generative AI workloads, along with enterprise on-premises options and integration tools for developers and partners.
OracleOracle sells enterprise database software, applications and cloud infrastructure, and has grown through large acquisitions including PeopleSoft, Siebel and Sun Microsystems.
AerospikeAerospike offers a real-time data platform designed to process billions of transactions with reduced server footprint. It serves organizations needing high-throughput, low-latency data infrastructure.
ScylladbScyllaDB is a NoSQL database built for data-intensive applications requiring high throughput and predictable low latency, powering real-time AI systems at billion-scale data volumes.

Companies working in the same space as Memgraph.

Timeline · 4

launches, deals, and filings
Sep 2026
Memgraph v3.13.1 released

Release adding experimental Enterprise-only FIPS 140-3 support through a dedicated Docker image and a --fips-mode flag, plus bug fixes to SHOW METRICS INFO.

source ↗

Sep 2026
Memgraph v3.13.0 released

Release introducing breaking changes to APOC compatibility names, coordinator privileges and SSO handling, CALL subquery variable scoping, path expansion filters, SHOW INSTANCES consistency, string and numeric function semantics, and a default metrics format change from JSON to OpenMetrics.

source ↗

Oct 2021
Memgraph raises about €8 million in seed financing led by M12

Memgraph disclosed roughly €8 million in seed funding led by Microsoft's venture fund M12, with participation from Heavybit Industries, In-Q-Tel, Counterview Capital, ID4 Ventures and Mundi Ventures. Proceeds were earmarked for team growth at the London headquarters, R&D acceleration and developer adoption.

source ↗

Oct 2021
Public launch of Memgraph 2.0

Memgraph announced Memgraph 2.0, the public launch of its source-available streaming graph platform, comprising a Community Edition under the Business Source License with CSV, S3 and Kafka ingestion, and an Enterprise Edition with role-based access control, activity auditing, encryption and advanced password policies.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
MemgraphNo. 10195084 · inc. May 2016 · active

In the news

▸Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Memgraph do?
Memgraph builds an open-source, in-memory graph database used for GraphRAG, AI memory and real-time graph analytics.
Who founded Memgraph?
Memgraph was founded by Marko, Dominik Tomicevic in 2016.
Who are Memgraph's investors?
Memgraph's investors include Counterview Capital, Heavybit, In-Q-Tel, Mundi Ventures, Connect Ventures, Irregular Expressions, M12 (Microsoft's Venture Fund), Techstars and 1 more.
Where is Memgraph headquartered?
Memgraph is headquartered in Zagreb, HR.