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About Neon
Industries
Data & Analytics
Enterprise Software
Company Size
201-500
Company Stage
Series B
Total Funding
$121.6M
Headquarters
Menlo Park, California
Founded
2021
Overview
Neon.tech offers a serverless Postgres solution that allows developers to launch and manage their databases in the cloud with a single command. Its unique architecture separates storage and compute resources, enabling on-demand scalability and ensuring optimal performance during peak usage while saving costs during off-peak times. This platform is fully compatible with Postgres and can cold start in under three seconds, making it easy for developers to use. The goal of Neon.tech is to simplify database management for developers, allowing them to focus on building applications.
Simplify's Take
What believers are saying
- Neon secured a $25.6M investment from Microsoft's venture arm, M12.
- Postgres was named database of the year, aligning with Neon's open-source focus.
- Growing demand for serverless architectures boosts Neon's market potential.
What critics are saying
- Increased competition from Redpanda's serverless offering may impact Neon's market share.
- Microsoft's investment may pressure Neon to align with Microsoft's strategic goals.
- Neon's expansion into digital stores may divert focus from core database services.
What makes Neon unique
- Neon offers a serverless Postgres solution with 100% Postgres compatibility.
- Neon's architecture separates storage and compute, enabling dynamic scaling and cost efficiency.
- Neon provides a cold start capability in less than 3 seconds, enhancing developer experience.
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Funding
Total Funding
$121.6M
Above
Industry Average
Funded Over
3 Rounds
General Catalyst
Founders FundIndustry standards
Benefits
Remote work environment
Equity & stock options
Top-notch equipment
Unlimited PTO
Paid parental leave
Growth & Insights and Company News
6 month growth
↓ -4%1 year growth
↓ -1%2 year growth
↑ 17%Neon has secured $14M in funding to develop a direct-to-consumer digital store platform aimed at increasing game companies' independence. Investors include Thrive Capital, Renegade Partners, and a16z Games. Neon plans to expand its team and enhance its product offerings. The platform allows developers to bypass traditional app stores, reducing fees from 30% to 5%. This shift is driven by regulatory changes and offers game creators a chance to build direct relationships with players.
Singapore entertainment firm Neon is said to weigh IPO next year.
Neon, Inc. is happy to announce that the Neon Organizations feature is now available in Public Beta.
Neon, Inc. is pleased to announce that Neon, Inc. has launched a new Business plan that provides higher storage and compute allowances (500 GiB of storage and 1,000 compute hours) in addition to all of Neon's advanced features.
SAN FRANCISCO - Neon, a serverless Postgres database built for developers, has landed a $25.6 Million strategic investment led by M12, Microsoft's Venture Fund.
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About Neon
Industries
Data & Analytics
Enterprise Software
Company Size
201-500
Company Stage
Series B
Total Funding
$121.6M
Headquarters
Menlo Park, California
Founded
2021
There are no jobs for Neon right now.
Find jobs on Simplify and start your career today