Neon Secures $30 Million In Series A-1, Validating Investor Confidence In Serverless Postgres Database Service
Neon Secures $30 Million In Series A-1, Validating Investor Confidence In Serverless Postgres Database Service
07/26/22, 2:16 PM
Location
san franciscoMoney raised
$30 million
Industry
saas
Round Type
series a
Neon, Inc., the first open-source, fully-managed, multi-cloud Postgres as a service, has raised $30 million in its Series A-1 round. GGV Capital led an expert investment group that includes Khosla Ventures, General Catalyst, Founders Fund, and Elad Gil with support from a group of notable angels, including Nat Friedman, Ajeet Singh, Guillermo Rauch, Wes McKinney, Ryan Noon, and Søren Brammer Schmidt. Following a successful Series A round, Neon has now more than doubled its total funding to $54.3 million.
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