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AWS already has Aurora, which is their own in-house closed-source variant that does very similar things.

We think we'll be able to provide a better experience at lower cost for smaller developers, while having some very useful quality-of-life features like zero-cost branching and instant PITR.

AWS already has this, Google for Aurora Serverless. It is not cheap though, and this might well be cheaper.

AWS has Aurora Serverless v2 out already for postgresql along with RDS for postgresql. Not scale to zero though / bottom is 40/month or so