Supabase valuation doubles to $10B in under 8 months
▼ Summary
– Supabase raised a $500 million Series F at a $10 billion pre-money valuation, reaching about $10.5 billion after the investment.
– The company doubled its valuation every few months, with usage growing over 600% in the past year, and over 60% of new databases launched via AI tools.
– Supabase now has nearly 10 million developer users, doubling in eight months, with growth credited to AI models like Claude Code and Codex.
– The company launched Multigres, an “operating system” for Postgres, to simplify managing tasks like read replicas and failovers at scale.
– CEO Paul Copplestone refuses to cater to enterprise demands, sticking to his own product vision, a strategy that has driven Supabase’s success.
Supabase, the open source database widely adopted across the vibe-coding ecosystem, has closed a massive $500 million Series F funding round at a $10 billion pre-money valuation, the company confirmed Friday. That puts the total value at roughly $10.5 billion post-investment.
The newly minted decacorn has been on a blistering trajectory, doubling its valuation every few months for the past couple of years. The surge is fueled by vibe-coding tools that have driven usage growth of over 600% in the last year. According to CEO and co-founder Paul Copplestone, writing in a blog post announcing the raise, more than 60% of new databases launched on the platform are now created “by some sort of AI tool.”
Supabase now claims nearly 10 million developers as users, a number that has doubled in just eight months. Copplestone specifically credits Claude Code and Codex for this acceleration, noting that these popular AI models “expand the number of people who can build.” The platform has also become the database of choice for tools like Bolt, Figma, Lovable, and Replit.
This latest infusion of capital follows a $100 million round at a $5 billion valuation in October, which itself came just months after a $200 million raise at $2 billion.
At its core, Supabase runs on Postgres, a venerable open source database that predates the current AI boom by decades. What sets the company apart is its work to make Postgres far less of a maintenance burden for developers and vibe coders, especially as their applications scale and attract more users.
This week, Supabase also launched a tool called Multigres, which it describes as an “operating system” for Postgres. The tool aims to simplify the complexity of running Postgres at scale, giving developers a centralized way to manage tasks like read replicas, failovers, connection limits, and backups.
Another distinguishing factor is the strategic philosophy Copplestone has embraced. Speaking on the Equity podcast in November, he explained his refusal to participate in the “sh*tification” of developer tools. Rather than catering to enterprises with multimillion-dollar contracts that come with product demands, he sticks to his own product vision. It’s the reverse of most startup strategies, but the results speak for themselves.
The round was led by GIC, with existing investors like Stripe joining in, alongside new backers Georgian and Salesforce Ventures.
(Source: TechCrunch)
