<ul><li>Databricks has agreed to acquire Neon, an open-source database startup, for approximately $1 billion.</li><li>Neon offers a managed cloud-based database platform with features like cloning databases, previewing changes, automatic scaling, branching, and point-in-time recovery.</li><li>The acquisition will allow Databricks to combine Neon's technology with its own data intelligence services to enhance the deployment of AI agents for customers.</li><li>Neon, founded in 2021, has raised $129.6 million in funding, and its investors include Microsoft's venture arm M12, General Catalyst, Menlo Ventures, and Notable Capital.</li></ul>

Databricks to buy open-source database startup Neon for $1B

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