Supabase valuation doubles to $10B on AI-driven growth

Supabase, an open-source database company, announced on Friday that it has secured a $500 million Series F funding round. The investment pushes the startup’s pre-money valuation to $10 billion, with its post-money valuation reaching about $10.5 billion. The funding round was led by GIC, with participation from existing investor Stripe, alongside new investors Georgian and Salesforce Ventures.

This latest injection of capital marks a rapid valuation climb for the company, which has doubled its valuation multiple times:

• In October, Supabase raised a $100 million round at a $5 billion valuation.
• Prior to that, the company closed a $200 million round at a $2 billion valuation.

This growth is closely tied to the rise of “vibe-coding”—an industry term for AI-assisted coding. According to Supabase, database launches on its platform have grown over 600% in the past year. CEO and co-founder Paul Copplestone attributed this surge to automation, stating that over 60% of these databases were launched “by some sort of AI tool.” The company’s user base has also expanded to nearly 10 million developers, doubling in eight months. Copplestone credited AI models like Claude Code and Codex for this expansion, noting that they “expand the number of people who can build.” Supabase’s database is also used by companies such as Bolt, Figma, Lovable, and Replit.

Supabase builds its services on Postgres, an open-source database engine. To address the complexity of managing database infrastructure as applications scale, the company recently introduced Multigres, a tool it describes as an “operating system” for Postgres. Multigres is intended to ease the complexity of running Postgres at scale, giving developers a central way to manage tasks like read replicas, failovers, connection limits, and backups.

While scaling, Copplestone has maintained a distinct approach to product development. In a November episode of the Equity podcast, he stated that he refused to partake in the “sh*tification” of developer tools. Rather than altering the product to cater to large enterprise clients offering multimillion-dollar contracts, Copplestone has focused on sticking to the company’s core product vision.

Why it matters

Supabase’s rapid valuation growth reflects the broader shift toward vibe-coding and AI-assisted development, where tools that simplify infrastructure management for non-traditional developers are seeing massive adoption.