Topics
Latest
AI
Amazon
Image Credits:sorbetto(opens in a new window)/ Getty Images
Apps
Biotech & Health
Climate
Image Credits:sorbetto(opens in a new window)/ Getty Images
Cloud Computing
Commerce Department
Crypto
endeavour
EVs
Fintech
fund raise
widget
Gaming
Government & Policy
computer hardware
Layoffs
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
Security
societal
place
inauguration
TikTok
Transportation
Venture
More from TechCrunch
Events
Startup Battlefield
StrictlyVC
newssheet
Podcasts
video recording
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
In a planetary house that big technical school companies are ready and willing to husk out hard cash for database tech , Neon , a inauguration building an clear source alternative toAWS Aurora Postgres , on Wednesday announced that Microsoft ’s venture limb M12 led a $ 25 million strategical investment in its business .
The majuscule will go toward R&D , Neon carbon monoxide - founding father and CEO Nikita Shamgunov says , fueling Neon ’s enlargement into Microsoft Azure and the development of new database potentiality to support both existing and new customers .
“ We ’re not look to raise — this is not a fresh stave , ” Shamgunov told TechCrunch . “ We are well - capitalize with more than $ 100 million in funding . But this is Microsoft . We could n’t go past up the chance to strengthen Neon ’s relationship with Microsoft and Azure , their role in the future tense of developer tools is only grow . ”
add M12 managing spouse Andrew Smyth : “ Postgres is quickly becoming the database of choice for developer and we are investing to a great extent in that ecosystem . Neon is a leading Postgres platform and this strategic investing emphasize our commitment to profoundly desegregate Neon into Azure . ”
Shamgunov started Neon in 2021 alongside software engineers Heikki Linnakangas and Stas Kelvich . Prior to Neon , Shamgunov founded MemSQL , nowSingleStore , where he was CTO and then became CEO .
While at SingleStore , Shamgunov pronounce that he notice just how much Postgres , the relational database management system , was out there in the world , and sensed an opportunity to build up an option to Aurora ( if only to counter an AWS monopoly ) .
Postgres has grown massively in popularity over the past few years . Accordingto a 2023 Stack Overflow survey , just over 45 % of developers say they use Postgres — ahead of MySQL and SQLite , the premature top choices .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
“ Neon is a Postgres database fellowship , ” Shamgunov tell . “ We take Postgres and fluff asunder the internal components into a platform designed to help everyone from individual developers to large initiative work up applications programme . ”
Neon ’s grapple swarm - base database platform , which provide a innocent tier as well as bear plans with usage - base pricing , allows developers to clone databases for development environments and preview changes before they go to production . The platform scale up mainframe , memory and storage with usage mechanically , minimizing the need for customers to do so themselves .
“ technology team at graduated table - ups and enterprise typically adopt Neon for one of two reasons : Using Neon to manage fleets of Postgres without overhead and increase ontogenesis speed , ” Shamgunov say . “ Migrating a yield database is risky , so weighing machine - ups that want to ship faster will move only non - production work to Neon to take vantage of the developer productiveness increases that come in from Neon ’s database ramify workflow . ”
Neon has gain from the productive AI boom , which is fueling the demand for databases to power AI apps . Shamgunov aver that hundreds of thousands of developers are using the society ’s free grade and that thousands of startups and small- and medium - sized business are paying for Neon ’s premium services .
“ Today , more than 3,000 projects are create on Neon daily , ” Shamgunov said . “ Technology disbursement is always evolve , but every business , every software - as - a - divine service product , every lotion , every mobile app and every AI cock needs a database . Neon go out an acceleration in increase as software system — and now AI — continues to eat the humanity . ”
With $ 130.6 million total in the bank , Neon now has “ many age ” of runway , Shamgunov says . The San Francisco - based company plan to acquire its 100 - person hands to 120 by the end of the year , invest preponderantly in technology .
Abstract Ventures , General Catalyst , Menlo Ventures and Notable Capital also invested in the strategic round foretell today .
