Games like NEON Ultra
Games like NEON Ultra include Waves, Beat Hazard, Geometry Wars™ 3: Dimensions Evolved, Bit Blaster XL, and Chippy. We matched them by the tags players give NEON Ultra on Steam (Action, Shoot 'Em Up, Bullet Hell, Twin Stick Shooter, and Shooter): closest matches first, and among equally close ones the better-known games.

Waves
Shared: Shoot 'Em Up · Bullet Hell · Twin Stick Shooter

Beat Hazard
Shared: Bullet Hell · Twin Stick Shooter · Shoot 'Em Up

Geometry Wars™ 3: Dimensions Evolved
Shared: Action · Shoot 'Em Up · Twin Stick Shooter

Bit Blaster XL
Shared: Shoot 'Em Up · Bullet Hell · Shooter

Chippy
Shared: Bullet Hell · Shoot 'Em Up · Twin Stick Shooter

Nex Machina
Shared: Action · Bullet Hell · Twin Stick Shooter

Assault Android Cactus+
Shared: Bullet Hell · Shoot 'Em Up · Twin Stick Shooter

Nova Drift
Shared: Shoot 'Em Up · Bullet Hell · Shooter

Greedland
Shared: Shoot 'Em Up · Bullet Hell · Twin Stick Shooter

Dead Estate
Shared: Twin Stick Shooter · Bullet Hell · Shoot 'Em Up

BALL x PIT
Shared: Action · Bullet Hell · Shoot 'Em Up

Planes, Bullets and Vodka
Shared: Action · Shoot 'Em Up · Bullet Hell

Touhou Koumakyou: New Classic - the Embodiment of Scarlet Devil
Shared: Shoot 'Em Up · Bullet Hell · Action

Touhou Kouryudou ~ Unconnected Marketeers.
Shared: Shoot 'Em Up · Action · Bullet Hell

Ikaruga
Shared: Shoot 'Em Up · Bullet Hell · Action

Revolution Ace
Shared: Action · Shoot 'Em Up · Bullet Hell

Touhou Juuouen 〜 Unfinished Dream of All Living Ghost.
Shared: Action · Shoot 'Em Up · Bullet Hell

Star of Providence
Shared: Bullet Hell · Shoot 'Em Up · Action

State of Anarchy: Master of Mayhem
Shared: Action · Bullet Hell · Shoot 'Em Up

ZeroRanger
Shared: Shoot 'Em Up · Bullet Hell · Action

Touhou Kinjoukyou ~ Fossilized Wonders.
Shared: Shoot 'Em Up · Bullet Hell · Action

Enter the Gungeon
Shared: Bullet Hell · Twin Stick Shooter · Action

LUFTRAUSERS
Shared: Bullet Hell · Action · Shoot 'Em Up

Star Saviors
Shared: Shoot 'Em Up · Action · Bullet Hell