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.