Working in the field of database management systems development Neon, $25.6 million received investment. Microsoft’s investment arm led the company’s $25 million strategic investment M12 led. In the investment tour of the US-based company Abstract Ventures, General Catalyst, Menlo Ventures ve Notable Capital also took part.
The company announced that it will use the new investment to support R&D efforts, strengthen Microsoft Azure integration, develop new database features and expand its engineering team.
Neon in 2021 Heikki Linnakangas, Nikita Shamgunov ve Stas Kelvich was founded by The company is described as a technology company that develops a cloud-based platform for the database management system Postgres.
Neon’s goal is to provide great convenience to developers and businesses by providing a platform that makes the Postgres database more accessible, manageable and scalable. More than 3 thousand projects are carried out within the company every day.
In this regard, Neon offers its Postgres database as cloud-based. In this way, developers and companies can manage their databases more easily. The company’s platform allows developers to clone databases and test changes before they go into production.
Neon; It automatically adjusts processor, memory and storage resources. Thus, users do not need to manually change database performance. Neon, which also offers special database solutions for artificial intelligence applications, has a wide customer base from individual developers to large companies. The company offers both free and paid plans to its users.
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