SAN FRANCISCO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Neon, the serverless Postgres database built for developers, today announces a $25.6 Million strategic investment led by M12, Microsoft's Venture Fund. Follow-up participation includes existing investors Abstract Ventures, General Catalyst, Menlo Ventures, and Notable Capital. This latest investment brings Neon's total funding to $130.6 million since its founding in 2021. "Postgres is quickly becoming the database of choice for developers and we are investing heavily in that ecosystem," said Andrew Smyth, managing partner at M12. "Neon is a leading Postgres platform and this strategic investment emphasizes our commitment to deeply integrate Neon into Azure." This investment illustrates Microsoft's commitment to the needs of the modern developer. According to the most recent Stack Overflow survey, Postgres has surpassed MySQL as the ...