GlobeNewswire Inc | Dec 16, 2021 12:00PM EST

December 16, 2021

REDWOOD CITY, Calif., Dec. 16, 2021 (GLOBE NEWSWIRE) -- TigerGraph, provider of a leading graph analytics platform, today announced it has been inducted into the JPMorgan Chase Hall of Innovation. Each year, the prestigious JPMorgan Chase Hall of Innovation award recognizes select emerging technology companies for their market innovation, business value, and disruptive product offerings.

TigerGraph has been a fantastic partner with innovative technology that allows us to help prevent fraud, said Gill Haus, Chief Information Officer for Consumer & Community Banking at JPMorgan Chase. The speed and scalability of TigerGraph enable us to identify complex relationships from our rich data sets in real time, which helps us protect the more than 60 million households we serve in the U.S.

TigerGraph is enabling forward-looking, global companies like JPMorgan Chase to gain the deep data insights that help solve their most critical business challenges. This award recognizes not only TigerGraphs contribution but also demonstrates that graph technology is quickly becoming the platform for advanced analytics, said Dr. Yu Xu, co-founder and CEO of TigerGraph. We are thrilled to join the Hall of Innovation and were pleased to be recognized among such a distinguished roster of technology companies. We value our successful partnership with JPMorgan Chase, and look forward to many more years of joint innovation.

The award was presented to TigerGraph at the 13th Annual JPMorgan Technology Innovation Symposium. TigerGraph provides JPMorgan Chase with deeper and more meaningful data-based insights into its clients and transactions.

Graph analytics has quickly become a must-have technology for modern enterprises. According toGartner, By 2025, graph technologies will be used in80% of data and analytics innovations, up from 10% in 2021, facilitating rapid decision making across the organization. Graph has become a critical technology for modern enterprises across nearly every industry including Financial Services, Healthcare, Manufacturing, Advertising, Media & Entertainment, and more.

TigerGraph continues to advance the graph market while working to democratize graph adoption. Earlier this year, the company raised $105 million in Series C funding, one of the largest funding rounds within the graph database and analytics market, bringing TigerGraphs total funding raised to over $170 million. During the last 12 months, the company has more than tripled its workforce and has expanded its global footprint throughout North America, EMEA, and APAC.

Learn more about how JPMorgan Chase is combining machine learning and graphs in theGraph + AI Summit session Graph and Machine-Learning Enhance Trust.

Helpful Links

-- Graph + AI Summit -- Get TigerGraph -- TigerGraph Cloud -- TigerGraph Website -- TigerGraph Blog -- TigerGraph on Twitter -- TigerGraph on LinkedIn

About TigerGraph TigerGraph is a platform for advanced analytics and machine learning on connected data. Based on the industrys first and only distributed native graph database, TigerGraphs proven technology supports advanced analytics and machine learning applications such as fraud detection, anti-money laundering (AML), entity resolution, customer 360, recommendations, knowledge graph, cybersecurity, supply chain, IoT, and network analysis. The company is headquartered in Redwood City, California, USA. Start free with tigergraph.com/cloud.

About JPMorgan Chase & Co.JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.8 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. Technology fuels every aspect of our company, and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12bn, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the worlds most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/.

Media ContactTanya CarlssonOffleash PR for TigerGraphtigergraph@offleashpr.com707-529-6139