Databricks is reportedly negotiating to acquire Neon, a startup offering a commercial version of the open-source PostgreSQL database. Valued at over $1 billion, the deal is almost finalized, according to insiders. Neon, based in San Francisco, has raised over $130 million, highlighting its innovative serverless architecture, which requires no infrastructure management and automatically adjusts to workload demands. Neon's technology includes efficient connection pooling and advanced security features for precise data access control, making it appealing for AI applications given its capability to handle vector storage vital for AI models.
The acquisition aligns with Databricks' interest in AI applications as Neonâs PostgreSQL supports vector storage crucial for AI models.
With a focus on serverless architecture, Neon can efficiently meet varying workload demands, scaling hardware dynamically for optimal performance.
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