Neon

Neon

Serverless Postgres solution for developers

About

Neon.tech offers a serverless Postgres solution that allows developers to launch a fully managed Postgres instance with a single command. Its unique feature is the separation of storage and compute, enabling on-demand scalability and quick cold starts in under 3 seconds. This focus on ease of use and efficiency sets Neon.tech apart from competitors in the cloud computing market. The company's goal is to simplify database management for developers while providing a flexible, subscription-based pricing model.

Company Stage

Series B

Employees

51-200

Industries

Data & Analytics, Enterprise Software

Total Funding

$121.6M

Headquarters

Menlo Park, California

Founded

2021


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Simplify's Take

What believers are saying

  • Neon's strategic investment from Microsoft enhances credibility and potential partnerships.
  • The new Business plan attracts larger clients with increased storage and compute allowances.
  • Neon's alignment with serverless computing trends supports growth in a booming market.

What critics are saying

  • Competition from Redpanda's serverless model may impact Neon's market share.
  • Microsoft's investment could pressure Neon to align with its strategic goals.
  • Expansion into digital stores might divert focus from core database services.

What makes Neon unique

  • Neon's serverless Postgres offers a unique separation of storage and compute.
  • Cold start capability in under 3 seconds sets Neon apart in performance.
  • Neon's fully managed service simplifies Postgres deployment for developers.

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Growth & Insights
Headcount

6 month growth

32%

1 year growth

77%

2 year growth

389%

Benefits

Remote work environment

Equity & stock options

Top-notch equipment

Unlimited PTO

Paid parental leave

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