"Databricks has agreed to acquire database startup Neon in a deal valued at about $1 billion, a move the company hopes will make it more attractive to businesses that want to create their own artificial intelligence bots.
The data analytics company said the deal addresses a challenge that businesses face when deploying AI agents: how to quickly link up the data they need to make their services run. The problem gets harder as more AI agents are writing code and executing tasks, said Ali Ghodsi, co-founder and chief executive of Databricks.
"Pretty much every customer we have is super excited and wants to leverage agents," said Ghodsi, referring to the autonomous bots that can make decisions and perform tasks on behalf of humans. But the problem is those bots need to be able to create new databases to support what they do.
Enter Neon, a cloud-based database platform that developers -- and AI bots -- use when building apps and websites.
The platform is based on the popular open-source database PostgreSQL, a relational database [1] that dates back to the late 1980s.
Neon would serve as the underlying database for customers that create AI agents with data they store in Databricks' platform. Databricks makes money by renting out analytics capabilities, AI and other cloud-based software that taps AI-ready data for building enterprise tech systems.
Today, more than 80% of the databases built on Neon are created automatically by AI agents rather than human database administrators, Databricks said.
Neon's roughly 140 employees will join Databricks when the deal closes. The startup will remain its own entity in the short term, Databricks said, but it will be integrated into the Databricks platform over the longer term.
The deal, expected to close during Databricks' second fiscal quarter ending July 31, marks its third billion-dollar AI- and data-related acquisition in recent years. The San Francisco-based company struck a $1.3 billion deal for the generative AI startup MosaicML in 2023, and last summer paid between $1 billion and $2 billion for the data-management startup Tabular.
Databricks is valued at $62 billion after landing a $10 billion funding round, one of the largest in Silicon Valley history, late last year.
With the Neon deal, Databricks joins the ranks of tech giants including Nvidia and OpenAI that have released their own platforms for customers to build AI agents.” [2]
PostgreSQL is primarily used as a powerful, open-source, object-relational database management system (RDBMS). It's used for a wide variety of applications, including managing data for web and mobile applications, geospatial applications, data warehousing, and analytics. PostgreSQL is also known for its extensibility, allowing developers to add custom functions and data types.
Here's a more detailed breakdown of its uses:
Web and Mobile Applications:
.
PostgreSQL can serve as the primary database for various web and mobile applications, providing a reliable and scalable backend.
Data Warehousing and Analytics:
Its ability to handle large datasets and complex queries makes it suitable for storing and analyzing data for business intelligence and data science purposes.
Geospatial Applications:
PostgreSQL, along with the PostGIS extension, is widely used for managing and analyzing spatial data, such as maps and geographic information systems.
Financial Services:
PostgreSQL can handle secure, ACID-compliant transactions, making it suitable for financial applications and systems.
E-commerce and Online Transaction Processing (OLTP):
Its ability to handle concurrent transactions and manage inventory makes it a good choice for e-commerce platforms and other applications requiring robust transaction processing.
Custom Applications and Integrations:
PostgreSQL's extensibility allows developers to build custom applications and integrate it with various other systems.
Data Management in General:
PostgreSQL can be used to store and manage various types of data, including structured data (relational) and semi-structured data (JSON).
2. Business News: Databricks Will Buy Startup for $1 Billion. Lin, Belle. Wall Street Journal, Eastern edition; New York, N.Y.. 15 May 2025: B4.
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