Supabase raises $500M Series F funding at $10.5B valuation as AI agents fuel database explosion

Supabase doubles valuation to $10B in 8 months

Supabase, the open source database of choice for the vibe coding world, has raised a $500 million Series F at a $10 billion pre-money valuation, the company announced Friday. That's about $10.5 billion after the investment. The newly minted decacorn has been doubling its valuation every few months for a couple of years now, as vibe coding tools have driven its usage to astounding growth: over 600% in the past year, with over 60% of new databases launched "by some sort of AI tool," CEO and co-founder Paul Copplestone wrote in a blog post announcing the raise. The startup also now claims nearly 10 million developers as users, which has doubled in eight months. Copplestone particularly credits Claude Code and Codex for this growth because the popular AI models "expand the number of people who can build." Supabase is also a database of choice for Bolt, Figma, Lovable, Replit, and others. This new influx of cash follows a $100 million round at a $5 billion valuation in October. And that raise came just months after closing $200 million at $2 billion. Supabase uses popular open source database Postgres as its engine, a database launched long before AI was a twinkle in Sam Altman's eye. One of the more interesting things about Supabase is the work it's doing to make Postgres less of a maintenance hog for developers and vibe coders as their apps grow and attract users. For instance, it also this week launched a tool called Multigres that it describes as an "operating system" for Postgres. It's intended to ease the complexity of running Postgres at scale, giving developers a central way to manage pesky tasks like read replicas, failovers, connection limits, backups, and so on. Another interesting thing about the company involves the choices Copplestone made to build it. He told us on an episode of the Equity podcast in November how he refused to partake in the so-called "sh*tification" of developer tools because he wouldn't cater to enterprises offering multi-million-dollar contracts who then make product demands. Instead, he sticks to his own product vision. That's the reverse strategy of most startups, but there's no denying its been working for Supabase. The round was led by GIC, with existing investors piling in like Stripe, and new investors Georgian and Salesforce Ventures.

Vibe coding phenomenon lifts AI startup Supabase to $10.5 billion valuation

"I built some tooling around it, and I put it out into the world," said co-founder and CEO Paul Copplestone, referring to his launch of the product in 2020. Vibe coding needs infrastructure. Supabase is trying to provide it. The startup, which makes backend tools for building artificial intelligence apps, said on Thursday that it raised $500 million at a valuation of $10.5 billion, the latest sign that venture investors are seeking to pour money into all corners of the AI market that are showing signs of growth. Supabase's valuation has roughly doubled since its last funding round in October, riding the wave of AI-assisted coding, which allows developers and people without technical skills to quickly build apps and programs through simple text prompts. Co-founded by CEO Paul Copplestone, Supabase has been a major beneficiary of the surging popularity of Anthropic's Claude Code and OpenAI's Codex. Those types of tools are now responsible for the majority of databases on Supabase's platform, with Claude Code being the largest contributor in 2026, he said. Supabase uses the popular open-source database Postgres for developers to store data, authenticate users' sign-ups and logins, and to build and more easily scale their apps on the same platform. Copplestone said the idea fell flat when he first pitched it to an investor in 2014. He tried again six years later, after dealing with scaling limits with databases he was using at another startup. "I built some tooling around it, and I put it out into the world," Copplestone said. "It started becoming very popular and, at that point in time, I decided, 'Oh, this is the moment that I could build a startup that I dreamed of.'" The funding round was led by GIC and included Accel, Y Combinator, Craft, Felicis, Coatue and fintech startup Stripe. Since launching the company in 2020 with CTO Ant Wilson in 2020, Copplestone has lured over 250,000 customers and built a staff of 350 employees. He's taking direct aim at database services from companies like MongoDB and Amazon, which offers Aurora through its cloud division. Along with Thursday's announcement, the startup announced the preview of a new tool called Multigres, with the goal of helping companies developing on Supabase's platform to scale "up to the size of OpenAI or even larger," Copplestone said. "The product just works, and I think historically there have been a lot of challenges with scaling a database from a small, tiny application with one developer to some of the largest organizations, companies, applications in the world," said Arun Mathew, a partner at Accel. "Very few products do that." AI infrastructure startups have been a hot commodity for acquirers. In May of last year, Databricks bought database startup Neon for roughly $1 billion. Mathew calls Supabase's growth rate "phenomenal." "We haven't seen a company grow at this pace, certainly in the database layer, ever, ever before," Mathew said. "The fast-moving water is a raging river right now in AI infrastructure and developer-first tools." Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

Supabase Raises $500 Million as AI Agents Spark Database Explosion | PYMNTS.com

The Supabase platform is used by many enterprises as the back-end structure for their AI-native applications, the company said in a Thursday (June 4) press release. Postgres is an open source, relational database that can serve as the underlying database for customers creating AI agents. Supabase for Platforms, which powers top AI app builders, saw a 370% increase in its number of customers over the past six months, the release said. In the Thursday press release, Supabase announced its release of a preview of Multigres, an open source scaling layer for Postgres that is designed for teams that outgrow a single Postgres instance. The Series F round valued Supabase at $10.5 billion, up from the $5 billion valuation it achieved in an October Series E in which it raised $100 million. "Demand for Supabase is exploding," Supabase Co-Founder and CEO Paul Copplestone said in the release. "Our user base has more than doubled since the Series E, and we've seen a 600% increase in databases year over year." Claude Code is the largest contributor this year, and agents are now deploying most of the databases on the Supabase platform, Copplestone said. Copplestone said in a Thursday blog post that the Series F round will go toward growth, liquidity for employees, and the acceleration of the development of open source/Postgres tools. Supabase's latest funding round was led by GIC and included participation from Accel, Y Combinator, Craft, Felicis, Peak XV and Coatue. Felicis said in a Thursday post on LinkedIn: "When Felicis first backed Supabase at Series B, the company had one of the strongest developer growth curves we'd seen; [it] was one of the fastest growing on GitHub. The thesis was that open source, Postgres-native tooling would become foundational infrastructure. That thesis has played out faster than anyone expected." Coatue said in a Thursday post on LinkedIn that it led Supabase's Seed and Series A and has seen the company's platform adopted by 9 million developers worldwide. "As agents reshape how software gets built, Supabase has become the default infrastructure underneath," Coatue said in the post. For all PYMNTS AI coverage, subscribe to the daily AI Newsletter.

Supabase raises $500M at $10.5B valuation in Series F By Investing.com

Investing.com -- Supabase announced Thursday it has secured $500 million in Series F funding at a $10.5 billion post-money valuation. GIC led the funding round, with participation from all existing investors including Accel, Y Combinator, Craft, Felicis, Peak XV, and Coatue. Stripe made its second investment in the open source Postgres development platform, while Salesforce Ventures joined as a new investor. The funding arrives seven months after the company's Series E round, pushing total capital raised beyond $1 billion. "Demand for Supabase is exploding. Our user base has more than doubled since the Series E and we've seen a 600% increase in databases year-over-year. Claude Code is the largest contributor since the start of the year. Agents are now deploying the majority of databases on our platform," said Paul Copplestone, Co-founder and CEO of Supabase. The platform now serves over 250,000 customers, with enterprises increasingly adopting Supabase as backend infrastructure for AI-native applications. The platform integrates with modern AI tools, enabling agents to create thousands of customer databases daily. Supabase for Platforms, which powers several top AI app builders, recorded 370% customer growth over the past six months. The company also released a preview of Multigres, an open source horizontal scaling layer for Postgres. The new tool provides sharding, zero-downtime migrations, and high availability for teams that need to scale beyond a single Postgres instance. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.