Databricks buys a startup neon database for about $ 1 billion

Data Analytics Startup Databricks said on Wednesday that it was buying a neon, a database provider in a cloud base for about $ 1 billion.

This is the last big deal for databricks that bought artificial intelligence Mosaicml Startup Model for 1.3 billion dollars In 2023 and paid More than 1 billion dollars Last year to optimize Tabular data.

Neon has more than 18,000 customers, Databricks said. Customers include Openai, Adobe, Boston Consulting Group, Refit and Vercel, according to Neon.

Many developers flocked into neon Amazon Web Services ‘database service’ Aurora Postgres. The PostgreSQL database with open source originated in the 1980s. Supabase, a startup whose tools became popular in Vibration instruments For example, cute and recently announced Figma FIGMA MAKEAlso based on PostgreSQL.

Cloud suppliers Google and Microsoft There are your own PostgreSQL database options. Databricks sells a software that can help clean up data, performance and launch AI models.

Microsoft, Snowflake and databricks all invested in neon whose co-founder and the CEO Meta and Microsoft engineer Nikita Shamgunov. After leaving Meta, Shamgunov launched a Singlestore database previously known as Memsql.

Neon fences based on the number of computing and storage that each client uses per month. Its software can run in Amazon and Microsoft clouds.

Founded in 2021, Neon is a common company, with more than 130 employees, reports A Description.

The base based on San Francisco was founded in 2013 and was estimated at $ 62 billion in A 10 billion dollars Funding is announced in December. Some money was intended for acquisition.

See: Databricks CEO on new partnership with SAP on “Business AI”