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

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

08/01/23, 12:04 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgsan francisco
Money raised
$46 million
Industry
saas
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 Info

Company
Neon
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

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