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● STRATEGIC  |  DEVTOOLS/INFRASTRUCTURE
AUGUST 14, 2026
Databricks acquires Neon
TARGET
Neon
Serverless PostgreSQL database platform for developers and AI agents, with autoscaling, database branching, and point-in-time recovery; used by OpenAI, Adobe, Replit, and Vercel.
OwnershipVC-backed
InvestorsM12 (Microsoft's venture arm), General Catalyst, Menlo Ventures, Notable Capital, GGV Capital +2 more
Capital raised$129.6 million
Headcount~130 FTEs
HeadquartersSan Francisco, California
Sell-side advisor—
ACQUIRER
Databricks
Data and AI platform company
Deal value$1B purchase price
Ownership—
HeadquartersSan Francisco, California
Buy-side advisor—
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