May 14, 2025:
Databricks Acquires Neon for $1B - Databricks is acquiring Neon, a startup specializing in open-source database technology, for $1 billion. Neon's serverless relational database system, popular among AI agents for its efficiency and scalability, will enhance Databricks' data intelligence services. This acquisition supports Databricks' strategy to strengthen its AI capabilities and integrate serverless Postgres into its offerings.
Launched in 2021, Neon has raised $129.6 million from notable investors like Microsoft's M12. Meanwhile, Databricks recently attracted $15.3 billion in financing at a $62 billion valuation.
