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

Data Analytics platform Databix Wednesday says that it has agreed to achieve it NeonA Startup Building is an open source alternative to AWS Aurora Postgress for about $ 1 billion.

Databrix says that acquiring Neon Technology allows the startup’s serverless database management system to integrate with its own data intelligence services so that the customers allow AI agents to be more efficiently efficiently.

Founded by CEO Nikita Shamgunov and Software Engineer Hikki Linakangas and Stas Calvich in 2021, Neon provides a operated cloud-based database platform . The platform automatically scales according to the use of processors, memory and storage, and the database examples for branch-examination and development support the recovery of the -paid point-in-time.

These capabilities, Databrix, say, is ideally suited for workloads conducted by AI agents, which works faster than human developers, but often need to supervise for error. Citing the recent telemetry, the company says “80% of the 80% of the database provided in Neon was created automatically by AI agents instead of humans.”

“AI-net, agent-driven applications are re-shape what to do in a database,” said Ali Ghodsi, co-founder and CEO of the Databrix. “Neon proved it: Four out of five databases on their platform, not all four people, not human beings, we are giving a serverless postgress to the developers that can keep the agent’s speed, salary and postgress community open.”

Neon has yet collected $ 129.5 million, according to CrotchAnd its investors include Microsoft’s Venture Arm M12, General Catalist, Menlo Ventures and significant capital. Databrix, on behalf of it, has been deposited in more than 19 billion dollars so far and in January A 15.3 billion dollars in a $ 62 billion assessment stopped fundingThe

Databrix did not fall backwards from dipping into its Warchest because it wants to capitalize the AI ​​Boom and to position itself as a top service to create, test and deploy AI models and agents. The agency last June Data Management Agency TableAbout 2 billion dollars and in 2023 Bought the MosaicMLAn open source platform for training and deploying AI tools for large language models is for $ 1.3 billion.