- A Swedish database startup called Neo4j was integral to the Paradise Papers leak, which showed how the world’s wealthy elite hide their millions in offshore bank accounts.
- Neo4j’s software enabled investigative journalists to explore the hidden relationships between powerful people and offshore bank accounts.
- The startup said its link to investigations such as last year’s Panama Papers has resulted in more paying enterprise clients signing up for its graph database software.
- Neo4j has raised $80 million (£61 million) to date and almost doubled its headcount over the last 12 months.
Emil Eifrem was driving home from his goddaughter’s fifth birthday party in Gothenburg, Sweden, when his phone started buzzing. A stream of notifications alerted him to the Paradise Papers, a massive leak which showed how the world’s richest people use offshore havens to shield their wealth.
“I switched seats with my wife,” he said. “We turned on the radio, and as I’m sitting in the car I’m pulling up my laptop, trying to hotspot. I knew what my Monday would be like.”
Over the next 24 hours, Eifrem knew he’d be fielding a bunch of interview requests about the leaks.
He the founder and CEO of Neo4j, a graph database company whose bread and butter is convincing blue-chip firms to use its tech to store and structure their data. It counts most the big US retailers among its customers, including Walmart and eBay. But it has now also played a crucial role in three major journalistic investigations that involved querying huge amounts of data: the Swiss Leaks in 2015, last year’s Panama Papers, and this year’s Paradise Papers.
Journalists used Neo4j to uncover hidden relationships between powerful individuals and offshore bank accounts
Unlike a normal tabular database, which structures information a bit like an Excel spreadsheet, Neo4j can analyse relationships between different types of data. Read More Here