Microsoft Leads $25.6 Million Investment in Neon

<p align&equals;"left"><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; <u>Neon<&sol;u>&comma; a serverless Postgres database built for developers&comma; has landed a &dollar;25&period;6 Million strategic investment led by M12&comma; Microsoft’s Venture Fund&period; Follow-up participation includes existing investors Abstract Ventures&comma; General Catalyst&comma; Menlo Ventures&comma; and Notable Capital&period; This latest investment brings Neon&&num;8217&semi;s total funding to &dollar;130&period;6 million since its founding in 2021&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Postgres is quickly becoming the database of choice for developers and we are investing heavily in that ecosystem&comma;” said Andrew Smyth&comma; managing partner at M12&period; &OpenCurlyDoubleQuote;Neon is a leading Postgres platform and this strategic investment emphasizes our commitment to deeply integrate Neon into Azure&period;”<&sol;p>&NewLine;<p>This investment illustrates Microsoft’s commitment to the needs of the modern developer&period; According to the most recent <u>Stack Overflow survey<&sol;u>&comma; Postgres has surpassed MySQL as the most popular database used by professional developers due to its open ecosystem&comma; stability&comma; and performance&period;<&sol;p>&NewLine;<p>By separating the compute and storage components without breaking away from core Postgres&comma; Neon brings the database into the modern developer workflow&comma; making it more automated&comma; easier to manage&comma; and AI-ready&period; With this new injection of capital from M12&comma; Neon will fuel the next generation of AI applications built on Azure&period;<&sol;p>&NewLine;<p><strong><u>Key highlights of Neon’s modern database<&sol;u><&sol;strong><&sol;p>&NewLine;<ul >&NewLine;<li><strong>Instant provisioning&period;<&sol;strong> Neon natively decouples storage and compute through an innovative approach that includes a custom-built storage engine&period; This architecture gives Neon the unique ability to provision new databases in under a second&period;<&sol;li>&NewLine;<li><strong>Efficient scaling&period;<&sol;strong> Neon not only saves engineering time during the building phase—when it’s time to scale&comma; Neon takes care of it effortlessly&period; Neon databases automatically scale resources according to load&comma; ensuring optimal performance during traffic spikes without the need for overprovisioning in advance&period; Neon storage is also on-demand—no need to manage disks&period;<&sol;li>&NewLine;<li><strong>Integrated developer workflows&period; <&sol;strong>Neon database branches allow for shorter software lifecycles by enabling developers to integrate their database directly into their CI&sol;CD pipelines in a cost-effective way&period; The growth in popularity of Neon’s serverless Postgres database technology is in large part due to this combination of improved developer experience and better costs&period;<&sol;li>&NewLine;<&sol;ul>&NewLine;<p>&OpenCurlyDoubleQuote;We’re confident that Neon provides the best developer experience for Postgres users&comma;” said Nikita Shamgunov&comma; CEO of Neon&period; &OpenCurlyDoubleQuote;This new investment ensures Neon is well-positioned to build and ship features that will transform the developer experience within Microsoft Azure&period;”<&sol;p>&NewLine;