Memgraph 3.0 Delivers Streamlined Way to Build Enterprise-Specific GenAI and Agentic AI

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LONDON--(BUSINESS WIRE)--Feb 10, 2025--

Memgraph, the leader in open-source in-memory graph databases purpose-built for dynamic, real-time enterprise applications, today announced a major expansion to its technology stack that will make it even easier for teams to build highly-accurate, real-time AI solutions powered by graph technology.

Memgraph 3.0 enables firms to make their data GenAI-ready and create applications, such as chatbots or agents, more-performant and easier with enterprise-specific outcomes that are accurate, secure and real-time and faster to deliver value. This is achieved through its integration of advanced data retrieval techniques and the full utilization of graph technology’s inherent capabilities—delivered with a level of integration and ease of use that outpaces any other knowledge graph solution currently available.

By integrating vector search, Memgraph combines the creative power of LLMs with the precision of knowledge graphs, enabling richer semantic search insights. GenAI applications powered by 3.0’s standout feature, Retrieval-Augmented Generation in graph (or GraphRAG), enhance reasoning, reduce hallucinations, and work securely within an enterprise’s unique context and data.

Commenting on the milestone Memgraph 3.0 represents, the company’s CEO, Dominik Tomicevic, says, “For the AI developer, Memgraph 3.0 addresses all the limitations of LLMs (large language models), like hallucinations and inability to keep up with business change.”

Tomicevic explains that LLMs disappoint the enterprise market due to their inherent architecture, which relies on rigid probabilistic frameworks. He highlights that updating the base model with new data is both computationally expensive and impractical, making it a significant limitation for businesses.

With Memgraph 3.0, business users can quickly create knowledge graphs that enhance LLMs, while preventing the accidental exposure of proprietary information, safeguarding an organization’s IP.

According to Gartner® in its Hype CycleTMFor AI in Software Engineering, 2024 report: "RAG techniques in an enterprise context suffer from problems related to the veracity and completeness of responses caused by limitations in the accuracy of retrieval, contextual understanding, and response coherence. KGs (Knowledge Graphs), a well-established technology, can represent data held within documents and the metadata relating to the documents. Combining both aspects allows RAG applications to retrieve text based on the similarity to the question and contextual representation of the query and corpus, improving response accuracy."

In practical terms, Memgraph 3.0 addresses the challenge of ensuring prompts generate reliable answers—not by overloading the context window with information, but by enabling the system to navigate the internal knowledge graph. Instead of merely referencing similar user-generated questions, it guides the system to pinpoint the network locations where probable answers reside.

Memgraph 3.0 introduces its unique dynamic algorithms, tailored for real-time data analysis and high-throughput use cases. These enable fast, continuous responses to incoming data without requiring LLM retraining.

Memgraph already powering cutting-edge generative AI deployments across multiple sectors

Many organizations, from mid-size firms to Fortune 100 companies, are leveraging Memgraph’s database and AI support. For instance, Cedars-Sinai uses Memgraph to power AlzKB, a knowledge base for Alzheimer’s research, while Precina Health integrates real-time patient data for personalized diabetes care.

The next step in AI

“With Memgraph 3.0, it’s never been easier to build AI applications,” concludes Tomicevic.

“It’s all bundled, off the shelf, and open source. Developers can dive in without hesitation and start creating chatbots and AI agents today.”

Start testing and building real-time business LLMs

Memgraph 3.0 is available for download now at www.memgraph.com/download and on AWS, Azure, and GCP Marketplaces.

For more information, read ourblog.

Gartner, Hype Cycle for AI in Software Engineering, 2024, By Adrian Leow, Deepak Seth, Soyeb Barot, 29 July 2024. GARTNER and Hype Cycle are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

About Memgraph

Memgraph believes in a future where the problem solving power of graphs is in the hands of everyone. Frustrated that existing graph database systems were not engineered with performance in mind, the company’s products overcome the limitations of current market solutions with a state-of-the-art, high‑performance, and scalable graph database. Our flagship product, Memgraph, is an in-memory graph database designed for real-time applications such as risk assessment, 360-degree data and network data exploration, Master Data Management (MDM), Bill of Materials (BOM), and supply chain and network logistics. Visit memgraph.com

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PUB: 02/10/2025 08:00 AM/DISC: 02/10/2025 07:59 AM

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