CA-based Neon has raised $25.6 million strategic investment led by M12, Microsoft’s Venture Fund. Other participation includes existing investors Abstract Ventures, General Catalyst, Menlo Ventures, and Notable Capital. This latest investment brings Neon’s total funding to $130.6 million since its founding in 2021.
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Multi-cloud has always been a part of vision at Neon. Neon want to help developers ship faster with Postgres on Neon, regardless of which cloud provider they use. With Neon already available on AWS, we’re now gearing up to launch on Azure.
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“Postgres is quickly becoming the database of choice for developers and we are investing heavily in that ecosystem,” said Andrew Smyth, managing partner at M12. “Neon is a leading Postgres platform and this strategic investment emphasizes our commitment to deeply integrate Neon into Azure.”
“We’re confident that Neon provides the best developer experience for Postgres users,” said Nikita Shamgunov, CEO of Neon. “This new investment ensures Neon is well-positioned to build and ship features that will transform the developer experience within Microsoft Azure.”
About Neon
Neon was founded in 2021 Neon is building open-source cloud-native PostgreSQL. Our architecture separates storage from computing, allowing for stateless and Serverless Postgres. We’re a well-funded startup with deep knowledge of Postgres internals and decades of experience building databases. Our storage layer is written in rust and cloud control plane is written in Go.
