funding round Archives

Tech Optimizer

May 16, 2025

The $1 Billion database bet: What Databricks’ Neon acquisition means for your AI strategy

Databricks acquired the privately held serverless PostgreSQL startup Neon for approximately billion. Neon, founded in 2022, had previously raised million in a Series B funding round. Over 80% of the databases generated on Neon's platform were initiated by AI agents. PostgreSQL, an established relational database platform, is ranked as the fourth most popular database as of 2025. Serverless PostgreSQL offers operational simplicity, allowing on-demand resource allocation, which is particularly beneficial for AI-centric projects. Major cloud providers, including Google, Microsoft, and AWS, offer serverless PostgreSQL services. Databricks aims to build a developer and AI-agent-friendly database platform with this acquisition. Serverless architectures excel in handling short bursts and smaller workloads, providing rapid scalability, but may present challenges in data management. Neon’s model enhances appeal for developers by distinguishing between storage and compute, facilitating automated scaling. The acquisition indicates a shift in infrastructure requirements for successful AI implementation, highlighting the need for flexible, instantly scalable serverless solutions.

Tech Optimizer

May 15, 2025

Neon Serverless Postgres: Azure Native Integration Now Available

Microsoft and Neon have launched Neon Serverless Postgres as a native integration within the Azure ecosystem, following its initial preview in December 2024. This open-source, serverless database solution is positioned as an alternative to AWS Aurora Postgres. Key features include automatic scaling, branching capabilities, direct database connection from Azure, Azure CLI and SDK support, and Semantic Kernel integration for RAG pipelines. Microsoft has invested millions in Neon as part of a broader funding round to enhance collaboration. Neon’s platform includes autoscaling, branching, and point-in-time restore capabilities, specifically designed for AI applications. EnterpriseDB has appointed Nancy Hensley as Chief Product Officer to lead growth for its EDB Postgres AI platform, which supports various workloads and modernizes legacy systems. Additionally, companies are increasingly adopting passwordless authentication methods, with MojoAuth offering solutions that integrate into applications to enhance security and user experience.

Tech Optimizer

May 15, 2025

Databricks to acquire serverless database startup Neon for USD 1 Billion

Databricks intends to acquire Neon, a serverless Postgres startup, for approximately USD 1 billion. Neon specializes in a modern database service based on PostgreSQL, offering features such as near-instantaneous database provisioning, elastic scaling, and powerful branching capabilities. This acquisition aims to enhance Databricks' offerings for AI tools, particularly AI Agents. Databricks has a history of expanding through acquisitions, including the purchase of MosaicML for USD 1.3 billion in 2023 and Tabular for over USD 1 billion in 2024. The company has a valuation of USD 62 billion and projected annualized revenue of USD 2.4 billion by mid-year. The acquisition awaits regulatory approvals.

Tech Optimizer

May 14, 2025

Databricks buys serverless database startup Neon for reported $1B

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.

Tech Optimizer

May 14, 2025

Databricks to buy open-source database startup Neon for $1B

Databricks intends to acquire Neon, a startup known for its open-source alternative to AWS Aurora Postgres, in a deal valued at approximately billion. The acquisition aims to integrate Neon’s serverless relational database management system with Databricks' data intelligence services, enhancing the deployment of AI agents. Neon, founded in 2021, offers a managed cloud-based database platform with features like automatic scaling, database cloning, and point-in-time recovery. Recent data shows that 80% of databases on Neon are provisioned by AI agents. Neon has raised .6 million from investors including Microsoft’s M12, while Databricks has raised over billion, recently closing a .3 billion funding round. Databricks has previously acquired Tabular and MosaicML to strengthen its position in the AI landscape.

AppWizard

April 24, 2025

Manychat taps $140M to boost its business messaging platform with AI

Manychat has secured million in a Series B funding round led by Summit Partners to expand its operations. The company has approximately 1.5 million customers in 170 countries, including brands like Nike and the New York Times. Manychat facilitates the transmission of billions of messages annually across platforms such as TikTok, Instagram, WhatsApp, and Messenger. Since its inception in 2015, Manychat had raised around million prior to this round, mainly from a million Series A round in 2019. The company operates at a near break-even point and has experienced significant growth, particularly after Facebook opened its Messenger APIs. Manychat's focus on user engagement distinguishes it from many generative AI chatbots. The new funds will be used for research and development to enhance AI capabilities and improve global sales, marketing, and customer support.

Tech Optimizer

April 13, 2025

Springtail: $2.5 Million (Pre-Seed) Raised To Scale PostgreSQL Performance

Springtail has secured a million pre-seed funding round led by Gradient, Google's early-stage AI fund, with contributions from Octave and various angel investors. The company offers a cloud-based distributed database solution that integrates with Amazon RDS for PostgreSQL, addressing scalability challenges by offloading and scaling read execution without requiring extensive application changes or data migrations. Springtail's architecture allows for horizontal scaling of read-heavy workloads through on-demand read replicas that share a common storage layer, enabling independent scaling of compute resources. The co-founders, Craig Soules and Garth Goodson, have backgrounds in distributed systems and previous experience in successful software enterprises. Springtail claims to potentially save developers up to 58% on PostgreSQL read replication costs compared to Amazon RDS.

Tech Optimizer

March 11, 2025

pgEdge, Inc. Secures Strategic Investments from Akamai and QRT, Strengthening the Future of Distributed PostgreSQL for High Availability and Edge Computing

pgEdge, Inc. has secured strategic investments from Akamai Technologies, Inc. and Qube Research & Technologies (QRT), along with participation from existing investors Rally Ventures and Sands Capital, totaling an impressive amount in seed stage funding. This funding aims to enhance pgEdge's innovation and expansion in distributed PostgreSQL solutions, focusing on high availability and low latency for mission-critical applications. pgEdge is recognized as the only fully distributed PostgreSQL database that is open-source and based on standard PostgreSQL. The company offers innovative multi-master replication technology designed for geographic regions and multi-cloud environments. pgEdge is headquartered in Northern Virginia and serves clients including Bertelsmann, Qube RT, Jobot, the European Parliament, and various U.S. government agencies.

AppWizard

February 6, 2025

Top 35 Social Media Platforms (September 2024)

YouTube is the most popular social media platform with 3.9 billion monthly active users, followed by Facebook with 2.1 billion users. Telegram has experienced a 367% search growth with 30.4 million monthly Google searches. TikTok has seen a 733% search growth and has 83.1 million monthly Google searches. Xiaohongshu (RedNote) has a search growth of 99x+, with 450,000 monthly Google searches and reported a profit of million in 2023. Discord has a 188% search growth with 30.4 million monthly Google searches. WhatsApp has a 112% search growth and 151 million monthly Google searches. Reddit has a 140% search growth with 30.4 million monthly Google searches. Douyin, a Chinese video-sharing app, has a 733% search growth and 1 million monthly Google searches.

AppWizard

November 14, 2024

Ruckus Games lands $19m Series A funding round

US-based game developer Ruckus Games has raised million in Series A funding, led by Krafton, with contributions from Bitkraft Ventures, Transcend, and Hypergryph. The funding is intended for the development of Ruckus's first title, a cooperative shooter. Ruckus Games was founded in 2021 by veterans from Gearbox and Riot Games, with CEO Paul Sage, known for his role as creative director on Borderlands 3. Maria Park, Krafton's corporate development chief, expressed confidence in the future of co-op gaming and praised Ruckus's progress and vision.