Neon

Acquired

Serverless Postgres platform that separates storage and compute, enabling autoscaling, database branching, and scale-to-zero for developers and AI agents. Acquired by Databricks for ~$1B in May 2025.

Founders Nikita Shamgunov, Heikki Linnakangas, Stas Kelvich

CEO Nikita Shamgunov

Company

Founded

2021

Headquarters

San Francisco, United States

Financials

Total Funding

$126M

Sectors

Developer Tools Cloud Computing Data & Analytics

neon.tech

Funding History

4 rounds

Acquired by Databricks May 14, 2025

$1.0B

Undisclosed Aug 7, 2024

$26M

M12 (Microsoft Ventures) (Lead) Abstract Ventures General Catalyst Menlo Ventures Notable Capital

Series B Aug 1, 2023

$46M

Menlo Ventures (Lead) Founders Fund General Catalyst GGV Capital Khosla Ventures Elad Gil Snowflake Ventures Databricks Ventures

Series A Jul 26, 2022

$30M

GGV Capital (Lead) General Catalyst Khosla Ventures Founders Fund Elad Gil Nat Friedman Guillermo Rauch

Series A Feb 1, 2022

$24M

Khosla Ventures (Lead) General Catalyst Founders Fund

Funding data is compiled from multiple independent sources including company announcements, press coverage, and regulatory filings. While we strive for accuracy, amounts and dates may reflect reported figures at time of announcement.