Neon
CompanyIn 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,
Date
Aug 7, 2024
Category
devtools
fintech
Lead investor
Abstract Ventures
Stage
Venture
Size
$25M
Sapphire Ventures
Threshold Ventures
a16z
Bloomberg Beta
Accel
Thrive Capital
Matrix Partners
Collaborative Fund
Dropbox Ventures
Eclipse
Kleiner Perkins
General Catalyst