Neon Company Market Research Report
Company Overview
Name
Neon, Inc.
Mission
To take everything that developers love about Postgres—reliability, performance, extensibility—and deliver it as a serverless product that helps teams confidently ship reliable and scalable applications faster than ever before.
Founding Details
- Founded: March 2021
- Initial Commits: March 2021
- Technical Preview: June 15, 2022
- Open Access: December 2022
- General Availability: April 15, 2024
Founders
- Nikita Shamgunov: CEO
- Heikki Linnakangas: Co-Founder
- Stas Kelvich: Co-Founder
Key People
- Nikita Shamgunov: CEO
- Heikki Linnakangas: Co-Founder
- Stas Kelvich: Co-Founder
- James Broadhead: VP Engineering
- Bryan Clark: VP Product
- Arjunan Rajeswaran: Head of Revenue
- Luke Flanagan: VP Finance
Headquarter
San Francisco, United States
Employees
No information is available
Revenue
No information is available
Known For
Neon is known for its serverless, open-source Postgres database platform designed to help developers build reliable and scalable applications faster. It features autoscaling, branching, and modern replication techniques, with significant capabilities aimed at reducing overhead and simplifying database management.
Products
Overview
Neon offers a serverless database platform built on Postgres with features designed to meet modern development needs.
Product Details
Serverless Database Platform
- High-Level Description: A robust serverless database platform that builds on Postgres, providing developers with ease of use, scalability, and performance benefits.
- Key Features:
- Autoscaling: Automatic instance sizing responding to load, ensuring efficient utilization of resources.
- Branching: Allows instant branching of data and schema for isolated copies used in development, CI/CD, or schema migrations.
- Scale-to-Zero: Minimizes costs by scaling to zero when idle.
- API and CLI: Simplifies management of databases via well-documented API and command line interface.
- Connection Pooler: Supports thousands of connections to handle extensive project requirements.
- AI and Vector Search: Leverages pgvector and AI capabilities to power applications requiring efficient high-dimensional searches.
Recent Developments
New Products Launched
- Autoscaling: Now generally available, allowing databases to adjust compute resources based on demand, including scale to zero.
New Features Added
- Changelog Enhancements: Regular updates including a revamp in monitoring tools, support for logical replication, improved console user interface, and new API and CLI features for better automation and management.
- Protected Branches Feature: Enhanced protection of branch data, automatically generating new passwords for child branches and preserving role passwords on reset.
New Partnerships
- Vercel: Neon's integration with Vercel to provide end-to-end solutions for developers building on the web.
- Replit: Developed a partnership to offer Postgres databases natively within Replit’s development environment.
- Koyeb: Integration to provide managed serverless Postgres databases.
Other Developments
- Funding: Raised $54 million in July 2022 and an additional $46 million in August 2023, totalling $104 million in funding backed by several individual investors.
- Technological Advances: Implemented Local File Cache (LFC) aware autoscaling for better performance and reduced memory usage.
Note: No additional commentary included. The report strictly contains only the information provided in the data set.