Neon Announces $25.6 Million Strategic Investment led by M12, Microsoft’s Venture Fund for Azure Integration

Aug 07, 2024•12 months ago

Contract Type

partnership

San FranciscoSaas

Description

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.

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Company

Neon

Location

San Francisco, California, United States

About

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

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Neon Announces $25.6 Million Strategic Investment led by M12, Microsoft’s Venture Fund for Azure Integration

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