Databricks Inc. has confirmed its acquisition of Neon Inc. for approximately billion. Databricks, based in San Francisco, was valued at billion after its last funding round. Neon specializes in managed cloud databases, has raised over million in funding, and utilizes a proprietary storage engine built on PostgreSQL. Neon's architecture allows for rapid deployment of database instances in under a second, which enhances performance for AI agents. The acquisition is expected to be finalized by July 31.