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On May 14th, Databricks, a pioneering global data and AI company, announced its acquisition of Neon, a cloud-native database startup, for an estimated $1 billion. Neon, known for its serverless Postgres solutions tailored to developers, boasts a co-founding team that revolutionized the Postgres database architecture by achieving a groundbreaking separation of storage and compute. With this acquisition, Neon's seasoned Postgres technology experts and database veterans will integrate into Databricks, jointly dedicated to offering developers production-grade serverless Postgres services in the era of AI-native computing. This milestone underscores Databricks' strategic advancement in AI-driven data management, heralding exciting new prospects for the future of developers and AI applications.
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