Databricks said it would buy database startup Neon in its latest deal valued at about $1 billion, to help businesses develop and use AI agents more easily.

Data analytics startup Databricks said Wednesday that it's buying Neon, a cloud-based database software vendor, for about $1 billion. It's the latest big deal for Databricks, which bought artificial intelligence model training startup MosaicML for $1.3 billion in 2023 and paid over $1 billion last year for data optimization startup Tabular.

Data analytics platform Databricks said on Wednesday that it has agreed to acquire Neon, a startup building an open source alternative to AWS Aurora Postgres, for about $1 billion.