Supabase Skyrockets to $10B Valuation in Record Time

Supabase Raises $500 Million in Series F Funding Round

Supabase, known as the open source database preferred by the vibe-coding community, has recently secured a $500 million Series F funding round at a pre-money valuation of $10 billion, the company disclosed on Friday. Following this investment, Supabase’s valuation now stands at approximately $10.5 billion.

The company, now classified as a decacorn, has experienced rapid growth in valuation over the past few years, thanks to the increasing popularity of vibe-coding tools driving its usage. The platform has witnessed a 600% growth rate in database launches over the past year, with over 60% of them being initiated through some form of AI tool, according to a blog post by CEO and co-founder Paul Copplestone.

With nearly 10 million developers using Supabase, a figure that has doubled in just eight months, Copplestone attributes this growth to tools such as Claude Code and Codex, which have broadened the user base by enabling more people to build on the platform. Supabase has also become the preferred database for companies like Bolt, Figma, Lovable, Replit, and others.

This latest funding round follows a $100 million investment at a $5 billion valuation in October, which came shortly after a $200 million round at a $2 billion valuation. Supabase relies on the popular open source database, Postgres, as its engine, offering developers and vibe coders an efficient solution for maintaining their apps as they scale and attract more users.

One of Supabase’s recent initiatives, Multigres, is described as an “operating system” for Postgres, designed to simplify the management of tasks such as read replicas, failovers, connection limits, backups, and more, especially at scale.

CEO Paul Copplestone’s strategic decision-making has played a crucial role in Supabase’s success. By prioritizing the company’s product vision over catering to enterprise demands, Supabase has carved out a unique position in the market. This approach, while unconventional, has proven to be effective for the company.

The Series F funding round was led by GIC, with participation from existing investors like Stripe, as well as new investors including Georgian and Salesforce Ventures.

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