Company
Date Published
Author
Stas Kelvich
Word count
573
Language
English
Hacker News points
None

Summary

Neon has completed its Series A-1 round, raising $30M to more than double its total funding to $54.3 million, enabling the company to invest in growing its engineering team, building out its product roadmap, and bootstrapping a GTM team. The funding will also support expanding developer relations and providing a robust developer experience, capitalizing on Neon's position as a popular choice for developers who have chosen Postgres as their database of choice. With this investment, Neon aims to grow its user base by opening new cloud regions, building team collaboration features, and improving productivity and cost savings. The company has received significant support from well-known investors and partners, including GGV Capital, Founders Fund, General Catalyst, Khosla Ventures, and many others, and is committed to building a strong community around its product, with over 3,700 stars on Github and a growing user base.