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Venture Capital News: Neon Lands $30M Series A-1 Funding Round

SAN FRANCISCO, CA, Neon, the first open-source, fully-managed, multi-cloud Postgres as a service, has raised $30 million in its Series A-1 round.
GGV Capital led an expert investment group that includes Khosla Ventures, General Catalyst, Founders Fund, and Elad Gil with support from a group of notable angels, including Nat Friedman, Ajeet Singh, Guillermo Rauch, Wes McKinney, Ryan Noon, and Soren Brammer Schmidt. Following a successful Series A round, Neon has now more than doubled its total funding to $54.3 million.

Neon is an open-source, multi-cloud, fully-managed Postgres as a service company. By separating storage from compute, Neon offers autoscaling, one-click start, multi-cloud compatibility, and bottomless storage to give developers a simple, reliable, and powerful experience. With a generous free tier, developers can quickly start and efficiently scale at will.
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