Databricks Is Buying Database Startup NEON For About $1 Billion Dollars

Data analytics startup Databricks said Wednesday that it's buying Neon, a cloud-based database software vendor, for about $1 billion. It's the latest big deal for Databricks, which bought artificial intelligence model training startup MosaicML for $1.3 billion in 2023 and paid over $1 billion last year for data optimization startup Tabular.Neon has over 18,000 customers, Databricks said in a statement. Clients include OpenAI, Adobe, Boston Consulting Group, Replit and Vercel, according to Neon's website. Many developers have flocked to Neon, which is open source and billed as an alternative to top cloud provider Amazon Web Services' Aurora Postgres database service. The open-source PostgreSQL database originated in the 1980s. Supabase, a startup whose tools have become popular with "vibe-coding" tools such as Lovable and Figma's recently announced Figma Make, is also based on PostgreSQL.Cloud providers Google and Microsoft have their own options for running PostgreSQL databases. Databricks sells software that can help with cleaning up data, executing queries and running AI models.Microsoft, Snowflake and Databricks have all invested in Neon, whose co-founder and CEO is former Meta and Microsoft engineer Nikita Shamgunov. After leaving Meta, Shamgunov ran database startup SingleStore, formerly known as MemSQL. Neon charges based on the amount of computing and storage each customer uses per month. Its software can run in Amazon and Microsoft's clouds.More on Databricks acquisition of Neon on CNBCAgentic AI for the Enterprise | Inbound and Outbound AI Voice AgentsI’ve partnered with DBC Technologies and I am now consulting with companies who are interested in automating inbound and outbound messaging with AI Voice Agents.If you are interested in AI Voice Agents for your business or organization click hereI interviewed DBC Technologies Founder and CEO, Dennis Wilson for an episode of the (A)bsolutely (I)ncredible Podcast, watch now to learn more about AI Voice Agents.Watch the interview with DBC Technologies’ Founder, Dennis Wilson on YouTubeWeb AI Chatbots, Inbound / Outbound AI Voice Agents, AI Marketing & ConsultingIf you are interested in AI Voice Agents for your business or organization, click here!Thats all for today, but AI is moving fast - subscribe and follow for more Neural News. Get full access to Neural News Network at remunerationlabs.substack.com/subscribe