Neon doubles funding to $54M

Neon, a company focused on enhancing the Postgres experience in the cloud, has successfully raised $30 million in a Series A-1 funding round led by GGV Capital, bringing its total funding to $54.3 million. This new capital will be used to expand the engineering team, develop the product roadmap, and build out a go-to-market (GTM) team, with the aim of improving the developer experience through new features and cloud region expansions. Founded by Nikita Shamgunov and Heikki Linnakangas, Neon has drawn significant interest, evidenced by its 3,700 stars on GitHub and widespread user engagement during its technical preview. The company offers innovative features like serverless compute scaling, database branching for CI/CD pipelines, and a "time machine" capability to reset databases to previous states, all while maintaining full compatibility with Postgres applications. With support from prominent investors and a commitment to open-source principles, Neon is poised to continue growing its global team and improving developer productivity in the cloud database space.