> Neon is valued at $1B;
Neon is still early‑stage and, AFAIK, not profitable. It’s a perfect snapshot of 2025: anything that’s (1) serverless, and (2) even vaguely AI‑adjacent is trading at a multiple nobody would have believed two years ago. Also supports my hypothesis that the next 12 months will be filled with cash acquisitions.
> Databricks will ruin Neon;
I certainly hope not. Focus on DX, friendly free tier, and community support is what made it special. If that vanishes behind Databricks’ enterprise guardrails, the goodwill will vanish with it.
Are people still making comments like these in 2025?
What the hell do profits have to do with valuing tech startups?