# Neon

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/neon-2

- Industry: Software
- Headquarters: Wilmington, US
- Website: www.neon.tech
- Total disclosed funding: $100M
- Latest round: Series B (Aug 1, 2023)
- Investors on record: 8

## About

Founded in 2021 by Heikki Linnakangas and Stas Kelvich and based in CA, US, Neon Inc. is a developer of the Postgres database for cloud computing that separates storage from computing. In August 2023, Neon Inc. raised USD 46 million in series B funding led by new investor Menlo Ventures, with participation from other new investors Databricks Ventures and Snowflake Ventures. Returning investors Founders Fund, General Catalyst, GGV Capital, Khosla Ventures and an individual investor also participated in the round. As of 2022, Nikita Shamgunov is the CEO of the company.

The company provides multi-cloud fully managed Postgres with a generous free tier, and it separates storage and computes to offer autoscaling, branching, and bottomless storage. The firm offers serverless Postgres with a single command with features such as scalability, serverless, branching, bottomless storage, and more.

The company plans to use the August 2023 funding to develop more applications and hire more people.

## Funding rounds

- Series B, Aug 1, 2023, $46M — Menlo Ventures, General Catalyst Partners, Granite Asia, Founders Fund, Khosla Ventures, Snowflake Ventures, Databricks Ventures
- Series A, Jul 26, 2022, $30M — General Catalyst Partners, Granite Asia, Founders Fund, Khosla Ventures, Flucas Ventures
- Seed, Jun 15, 2022, $24M — General Catalyst Partners, Founders Fund, Khosla Ventures

## Investors

- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Seed, Series A, Series B
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Seed, Series A, Series B
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Seed, Series A, Series B
- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series A, Series B
- Flucas Ventures (https://capitalatlas.ai/funds/flucas-ventures) — Series A
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series B
- Snowflake Ventures (https://capitalatlas.ai/funds/snowflake-ventures) — Series B
- Databricks Ventures (https://capitalatlas.ai/funds/databricks-ventures) — Series B