Neon Announces $25.6 Million Strategic Investment led by M12, Microsoft’s Venture Fund for Azure Integration
Neon Announces $25.6 Million Strategic Investment led by M12, Microsoft’s Venture Fund for Azure Integration
08/07/24, 1:14 PM
Location
san franciscoMoney
$25.6 million
Industry
saas
Type
partnership
Neon, the serverless Postgres database, has announced a $25.6 million strategic investment led by M12, Microsoft’s Venture Fund. This investment emphasizes the commitment to deeply integrate Neon into Azure, aiming to fuel the next generation of AI applications built on Azure.
Company Info
Location
san francisco, california, united states
Additional Info
Neon is an open-source, multi-cloud, fully-managed Postgres as a service backed by an impressive list of top-tier investors, including GGV Capital, Khosla Ventures, General Catalyst, and Founders Fund. By separating storage from compute, Neon offers autoscaling, one-click start, multi-cloud compatibility, and bottomless storage to give developers a simple, reliable, and powerful experience. With a generous free tier, developers can quickly start and efficiently scale at will. Learn more at neon.tech.
Contact: press@neon.tech
SOURCE Neon