About Neon
Neon is a company based in San Francisco (United States) founded in 2022 was acquired by Databricks in May 2025. It operates as a SaaS (Software-as-a-Service), and Pay-per-Use / Usage-Based. Neon has raised $101.6 million across 3 funding rounds from investors including Databricks, Snowflake and Khosla Ventures. Neon offers products and services including Serverless Postgres, Database Autoscaling, and Branching. Neon operates in a competitive market with competitors including YugabyteDB, Supabase, Yellowbrick Data, Sqream and MySQL, among others.
- Headquarter San Francisco, United States
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Neon, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$101.6 M (USD)
in 3 rounds
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Latest Funding Round
$25.6 M (USD), Series B
Aug 07, 2024
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Investors
Databricks
& 11 more
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Employee Count
Employee Count
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Acquired by
Databricks
(May 05, 2025)
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Products & Services of Neon
Neon offers a comprehensive portfolio of products and services, including Serverless Postgres, Database Autoscaling, and Branching. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Serverless Postgres is provided for scalable application development.
Autoscaling is offered to adjust database capacity dynamically.
Branching is enabled for isolated database development copies.
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Funding Insights of Neon
Neon has successfully raised a total of $101.6M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $25.6 million completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $25.6M
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First Round
First Round
(26 Jul 2022)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series B - Neon | Valuation | M12 | |
| Aug, 2023 | Amount | Series B - Neon | Valuation | Menlo Ventures | |
| Jul, 2022 | Amount | Series A - Neon | Valuation | GGV Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Neon
Neon has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Databricks, Snowflake and Khosla Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in technology startups are facilitated by M12.
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Founded Year | Domain | Location | |
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Early-stage startups are invested in by sector-agnostic VC firm.
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Founded Year | Domain | Location | |
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Neon
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Neon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Neon Comparisons
Competitors of Neon
Neon operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as YugabyteDB, Supabase, Yellowbrick Data, Sqream and MySQL, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
An open-source cloud-native database is provided for enterprise applications.
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| domain | founded_year | HQ Location |
Cloud based open-source application backend development platform
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| domain | founded_year | HQ Location |
Provider of MPP analytics and data warehouse solution for hybrid cloud
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| domain | founded_year | HQ Location |
GPU-accelerated SQL databases for big data analytics are provided.
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| domain | founded_year | HQ Location |
Open-source relational database solutions are provided since 1995.
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| domain | founded_year | HQ Location |
Provider of distributed relational databases
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Neon
When was Neon founded?
Neon was founded in 2022.
Where is Neon located?
Neon is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Neon a funded company?
Neon is a funded company, having raised a total of $101.6M across 3 funding rounds to date. The company's 1st funding round was a Series A of $30M, raised on Jul 26, 2022.
What does Neon do?
Neon is established as a provider of serverless Postgres, focusing on scalable and reliable database solutions for modern applications. Services are offered in the technology sector, particularly for developers building serverless apps, multi-TB databases, and AI applications. Features like autoscaling, instant branching, and point-in-time recovery are provided to enhance development workflows. Compatibility with various frameworks and tools is ensured, supporting diverse use cases such as database-per-tenant architectures and production-like environments for devtest scenarios.
Who are the top competitors of Neon?
Neon's top competitors include Supabase, YugabyteDB and Yellowbrick Data.
What products or services does Neon offer?
Neon offers Serverless Postgres, Database Autoscaling, and Branching.
Who are Neon's investors?
Neon has 12 investors. Key investors include Databricks, Snowflake, Khosla Ventures, M12, and Abstract Ventures.