Neon, a database administration service specializing in Postgres as a service, has raised $30 million in a Collection A-1 spherical, bringing its complete funding to $54.3 million.
PostgreSQL, or Postgres, is an open supply object-relational database that helps each SQL and JSON querying. In keeping with its builders, Postgres is standard for its reliability, knowledge integrity, strong set of options, and its potential to run on all main working programs. Many firms are actually migrating their operational databases to the cloud as a part of their digital transformation methods, and absolutely managed database providers like Neon can help with the setup, upkeep, and administration of Postgres on cloud platforms.
Neon’s founders seen a scarcity of developer-focused capabilities and options in lots of cloud-native Postgres database platforms. The Menlo Park, Calif.-based firm touts its serverless Postgres service as a contemporary, strong platform able to bottomless storage and autoscaling together with straightforward integration with Amazon S3. The corporate says its cost-saving structure separates storage and computing sources with distinctive options designed to enhance the developer expertise.
“The Postgres group is already responding to what’s attainable with a contemporary, cloud-native structure,” mentioned Neon CEO Nikita Shamgunov. “This extra funding ensures Neon is well-positioned to construct and ship new options that can remodel developer expertise.”
In a weblog put up, Neon co-founder Stas Kelvich outlined Neon’s developer-centric options:
- Serverless: run a compute layer that scales up with visitors modifications and right down to zero when the database isn’t in use.
- Branching: Immediately create a department on your take a look at environments for every code deployment in your CI/CD pipeline.
- Time machine: reset your database state to a earlier cut-off date with out the standard wait time or prices or just question as of a while prior to now.
Neon was co-founded by Kelvich and Heikki Linnakangas, and it was incubated at Khosla Ventures by Shamgunov, who beforehand based SingleStore and joined Neon as CEO earlier this yr. The corporate says it can use the brand new funds to develop its engineering workforce, construct a advertising and marketing workforce, and develop its product roadmap to prioritize developer relations. Kelvich notes that the corporate has obtained a promising response from customers throughout its technical preview, in addition to a big batch of sign-ups previous to its beta launch and three,700 stars on Github. “In a brief interval, the developer group has validated our perception that builders need feature-rich, cloud-based providers that improve, as a substitute of stifle, productiveness,” he mentioned.
Traders appear to be on board as effectively. This newest funding spherical was led by GGV Capital, and different traders embody Khosla Ventures, Basic Catalyst, Founders Fund, and Elad Gil with assist from a bunch of angels together with Nat Friedman, Ajeet Singh, Guillermo Rauch, Wes McKinney, Ryan Midday, and Søren Brammer Schmidt.
“Fashionable functions are cloud-based, distributed, run on the edge, and carry out at unparalleled speeds. At GGV Capital, we’ve been searching for a serverless Postgres-based backend resolution that’s tuned to the wants of recent software builders,” mentioned Glenn Solomon, managing associate at GGV Capital and Neon board member. “Nikita Shamgunov and the Neon workforce have constructed an unbelievable resolution, empowering builders with the cloud-based backend database they should complement their front-end initiatives. Given the sturdy developer traction, Neon’s future may be very shiny.”