Databricks to Buy Startup Neon for $1 Billion. The deal is aimed at making it easier for businesses to build artificial intelligence agents with their own data, Databricks CEO says. By .

Databricks said on Wednesday it would buy database startup Neon in its latest deal valued at about $1 billion, aiming to strengthen its analytics platform with technology that can help businesses ...

Neon itself is private and declined to comment on the matter, but an insider noted that 2024 was the company’s best year financially thus far. One potentially interested investor said it is not.

Neon was launched publicly in 2022, and soon became one of the fastest-growing developer databases on the market. Once the transaction closes, many of its team members are expected to join Databricks.