Neon is a technology company specializing in **PostgreSQL-based database solutions** designed to help developers ship and scale applications faster through innovative features like **decoupled storage and compute, autoscaling, branching, and instant restores**[1]. Founded to address the needs of modern cloud-native development, Neon focuses on providing scalable, developer-friendly database infrastructure that supports rapid deployment and efficient management of data workloads. The company has experienced significant growth, having raised a total of **$26 million in funding over six rounds**, with the latest round completed in August 2024[1]. This financial backing has supported Neon’s expansion and product development, allowing it to generate annual revenues estimated between **$10 million and $50 million**, reflecting a healthy market position and strong demand for its technology[1]. A key milestone in Neon’s history is its **acquisition by Databricks**, a leading data and AI company. This strategic move enhances Neon’s market reach and credibility, positioning it well to capitalize on synergies between database infrastructure and AI-driven data processing, thereby catering to developers building AI and data-intensive applications[1]. Neon operates in a competitive landscape alongside companies such as Cognizant and Nubank but distinguishes itself through a clear developer-centric approach and a focus on cloud scalability and performance[1]. Notably, the company has also engaged with the entertainment and media sectors, including film distribution and partnerships with independent studios, highlighting its versatile applications beyond traditional tech firms[1]. Overall, Neon stands out as a forward-thinking player in the database technology space, blending robust PostgreSQL innovations with cloud scalability and strategic alignment with AI industry leaders. Its combination of advanced features, solid financial footing, and integration with Databricks positions it as a compelling choice for developers and businesses aiming to optimize data infrastructure in fast-evolving digital environments.