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Neon Raises $46 Million In New Capital, Reinforcing Commitment To Serverless Postgres

Aug 01, 2023•about 2 years ago

Amount Raised

$46 Million

San FranciscoSaas

Description

Neon, the company revolutionizing Postgres in the Cloud, today announced completion of its $46 million Series B funding round led by Menlo Ventures with support from existing investors Founders Fund, General Catalyst, GGV Capital, Khosla Ventures, and Elad Gil. Snowflake Ventures and Databricks, key domain players, also joined the round, validating Neon’s approach and creating opportunities for future partnerships. This round comes on the heels of last year's $30 million Series A, cementing Neon's position as the leading player PostgreSQL as a Service.

Company Information

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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