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May 14, 2025 - Deals
Databricks Acquires Cloud Database Startup Neon For $1 Billion
Databricks, led by co-founder and CEO Ali Ghodsi and a CNBC Disruptor 50 company, is acquiring cloud-based database startup Neon for about $1 billion. Neon, founded in 2021 by former Meta and Microsoft engineer Nikita Shamgunov, offers an open-source PostgreSQL database alternative that separates compute from storage for cost efficiency. With over 18,000 customers including OpenAI, Replit, Adobe, and BCG, Neon has quickly become a favorite among developers. This acquisition marks another major move for Databricks, following its billion-dollar-plus deals for MosaicML and Tabular in 2023.
SALE PRICE: $1,000,000,000
Databricks & Neon HQ: #SanFrancisco #California
#VentureCapital #Databricks #AliGhodsi #NikitaShamgunov #Neon #TradedVC
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Archive Secures Strategic Funding Round Led By Anti Fund And Florida FundersArchive has closed a strategic funding round led by Anti Fund and Florida Funders, with backing from angels at OpenAI and Perplexity and more than 50 founders and executives, alongside existing investors including Battery Ventures, Stripe, Tiger Global, Lux Capital and Human Capital. Founded in 2021, Archive uses AI to power social listening and end-to-end creator marketing programs, now serving more than 1,000 brands including DoorDash, Pinterest and L’Oréal.
FOUNDER: Paul Benigeri
HQ: New York, New York
#VentureCapital #Archive #PaulBenigeri #TradedVC