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Neon provides a cloud-native, serverless Postgres solution for developers. It offers a fully managed Postgres instance with on-demand compute and separated storage, enabling the database to scale automatically and to scale compute to zero when idle. Data can move to cold storage (like S3) for cost efficiency, while ensuring 100% Postgres compatibility and fast 3-second+ cold starts. The service is designed to simplify database operations for developers, with predictable, usage-based pricing through a subscription model. Neon differentiates itself by decoupling storage and compute, allowing true serverless Postgres, instant scale on incoming connections, and rapid cold starts. The goal is to provide developers with an easy-to-use, scalable, and cost-efficient Postgres backend that handles growth without manual capacity planning.
Industries
Data & Analytics
Enterprise Software
Company Size
51-200
Company Stage
Acquired
Total Funding
$1.1B
Headquarters
Menlo Park, California
Founded
2021
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Total Funding
$1.1B
Above
Industry Average
Funded Over
6 Rounds
Remote work environment
Equity & stock options
Top-notch equipment
Unlimited PTO
Paid parental leave
Databricks to acquire Neon is a strategic move to better compete with other major players in the artificial intelligence and data infrastructure space, such as Snowflake and Google Cloud.
Neon has raised $129.6 million in funding from investors such as Microsoft's M12, General Catalyst, Menlo Ventures, and Notable Capital.
Microsoft and Neon have announced the general availability of Neon Serverless Postgres as a native integration within the Azure ecosystem.
Databricks announced the acquisition of Neon, a company focused on serverless Postgres solutions, on May 14. Neon's co-founding team, known for their expertise in rearchitecting Postgres databases to achieve true storage and compute separation, will join Databricks. This move aims to provide developers with production-grade serverless Postgres services in the AI-native era.
Databricks looks to buy database startup Neon for over $1B.
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Industries
Data & Analytics
Enterprise Software
Company Size
51-200
Company Stage
Acquired
Total Funding
$1.1B
Headquarters
Menlo Park, California
Founded
2021
Find jobs on Simplify and start your career today