Dataconomy
  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
Subscribe
No Result
View All Result
  • AI
  • Tech
  • Cybersecurity
  • Finance
  • DeFi & Blockchain
  • Startups
  • Gaming
Dataconomy
  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
Subscribe
No Result
View All Result
Dataconomy
No Result
View All Result

Databricks bets big on serverless Postgres with its $1 billion Neon acquisition

Neon founded in 2021 offers a cloud-native database platform with features like automatic scaling and branching which Databricks views as ideal for fast-paced AI agent workloads.

byKerem Gülen
May 15, 2025
in Industry
Home Industry

Databricks has agreed to acquire Neon, an open-source database startup, for approximately $1 billion. The acquisition is set to enhance Databricks’ data intelligence services by integrating Neon’s serverless relational database management system.

Neon, founded in 2021 by Nikita Shamgunov, Heikki Linnakangas, and Stas Kelvich, offers a cloud-based database platform with features like automatic scaling, branching for isolated database instances, and point-in-time recovery. Its platform allows developers to clone databases and preview changes before they go live. According to Databricks, Neon’s capabilities are suited for AI agent workloads that require speed and supervision.

Telemetry data cited by Databricks indicates that 80% of databases provisioned on Neon are created automatically by AI agents. Ali Ghodsi, Databricks’ co-founder and CEO, stated that the acquisition will provide developers with a serverless Postgres solution that matches the speed of AI agents, offers pay-as-you-go economics, and maintains the openness of the Postgres community.

Stay Ahead of the Curve!

Don't miss out on the latest insights, trends, and analysis in the world of data, technology, and startups. Subscribe to our newsletter and get exclusive content delivered straight to your inbox.


Microsoft is laying off 3% of its workforce: 6,500 jobs gone


Neon has raised $129.6 million in funding from investors such as Microsoft’s M12, General Catalyst, Menlo Ventures, and Notable Capital. Databricks, with over $19 billion in financing, recently closed a $15.3 billion financing round at a $62 billion valuation in January. The company has been actively acquiring firms to capitalize on the AI boom, including Tabular for nearly $2 billion last June and MosaicML for $1.3 billion in 2023.


Featured image credit

Tags: Databricks

Related Posts

A new rival to SpaceX? European space startup lands record funding

A new rival to SpaceX? European space startup lands record funding

September 9, 2025
Snap mirrors startup playbook to outpace sluggish ad sales

Snap mirrors startup playbook to outpace sluggish ad sales

September 9, 2025
Isotopes AI emerges from stealth with  million seed funding for Aidnn

Isotopes AI emerges from stealth with $20 million seed funding for Aidnn

September 8, 2025
Alex Xcode AI tool team joins OpenAI Codex division

Alex Xcode AI tool team joins OpenAI Codex division

September 8, 2025
Atlassian invests 0M in the Browser Company

Atlassian invests $610M in the Browser Company

September 8, 2025
Diablo developers at Blizzard unionize with CWA

Diablo developers at Blizzard unionize with CWA

September 5, 2025

LATEST NEWS

Everything announced at Apple’s September 9 Event

Apple introduces iPhone 17 Pro and Pro Max with new design, A19 Pro chip, and pro-level cameras

Apple’s iPhone 17 AIR arrives with the thinnest titanium design and pro cameras

iPhone 17 debuts with Center Stage front camera, brighter display, and A19 chip

AirPods Pro 3 introduce stronger noise cancellation, heart rate tracking, and live translation

Apple Watch Ultra 3 expands health insights, satellite connectivity, and battery life

Dataconomy

COPYRIGHT © DATACONOMY MEDIA GMBH, ALL RIGHTS RESERVED.

  • About
  • Imprint
  • Contact
  • Legal & Privacy

Follow Us

  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
No Result
View All Result
Subscribe

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy.