Neon Raises $30M for Its Postgres as a Service Posted on : Jul 29 - 2022

Neon, a database management service specializing in Postgres as a service, has raised $30 million in a Series A-1 round, bringing its total funding to $54.3 million.

PostgreSQL, or Postgres, is an open source object-relational database that supports both SQL and JSON querying. According to its developers, Postgres is popular for its reliability, data integrity, robust set of features, and its ability to run on all major operating systems. Many companies are now migrating their operational databases to the cloud as part of their digital transformation strategies, and fully managed database services like Neon can assist with the setup, maintenance, and administration of Postgres on cloud platforms.

Neon’s founders noticed a lack of developer-focused capabilities and features in many cloud-native Postgres database platforms. The Menlo Park, Calif.-based company touts its serverless Postgres service as a modern, robust platform capable of bottomless storage and autoscaling along with easy integration with Amazon S3. The company says its cost-saving architecture separates storage and computing resources with unique features designed to improve the developer experience.

“The Postgres community is already responding to what’s possible with a modern, cloud-native architecture,” said Neon CEO Nikita Shamgunov. “This additional investment ensures Neon is well-positioned to build and ship new features that will transform developer experience.”

In a blog post,  Neon co-founder Stas Kelvich outlined Neon’s developer-centric features:

Serverless: run a compute layer that scales up with traffic changes and down to zero when the database isn’t in use.

Branching: Instantly create a branch for your test environments for each code deployment in your CI/CD pipeline.

Time machine: reset your database state to a previous point in time without the typical wait time or costs or simply query as of some time in the past. View More