Data and artificial intelligence company Databricks acquires Neon, which is a database startup.
In a press release published by Databricks on Wednesday, May 14, it was noted that as the database market worth more than $100 billion braces for unprecedented disruption driven by machine intelligence, the company plans to continue to innovate and invest in Neon’s database and developer experience for existing and new startup customers and partners.
Currently, there is no official information about the value of the deal. At the same time, the media, citing some insider information, claim that the corresponding figure is about $1 billion.
The press release also noted that artificial intelligence agents are becoming increasingly important for modern developers. Moreover, in this context, it was highlighted that Neon is purpose-built to support agentic workflows.
The results of internal telemetry indicate that more than 80% of databases provided on Neon were developed automatically by artificial intelligence agents rather than humans. This indicator reflects the rapid growth of agentic workloads.
Databricks co-founder and chief executive officer Ali Ghodsi stated that the era of artificial intelligence-native, agent-driven apps is reshaping what a database should do.
Agentic machine intelligence is currently showing rapid development. This process is characterized by a high degree of intensity both in terms of quantitative indicators and in the context of qualitative measurement of the corresponding forward movement.
As we have reported earlier, Databricks Hits $62 Billion Valuation.
