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Neon

Neon

Company

In a sign that big tech companies are ready and willing to shell out cash for database tech, Neon, a startup building an open source alternative to AWS Aurora Postgres, on Wednesday announced that Microsoft’s venture arm M12 led a $25 million strategic investment in its business. The capital will go toward R&D, Neon co-founder and CEO Nikita Shamgunov says,

https://techcrunch.com/2024/08/07/database-startup-neon-nabs-a-microsoft-investment/

Date

Aug 7, 2024

Category

devtools fintech

Lead investor

Country Icon Abstract Ventures

Stage

Venture

Size

$25M

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