Jun 5, 2026ARR Milestone
Supabase database grew 600% in the past year with $500M raised at $10B valuation
Supabase secured a $500M Series F round led by GIC, with participation from existing investors like Stripe and new ones such as Georgian and Salesforce Ventures. Funds will accelerate the development of open-source and scalable Postgres tools while providing liquidity for employees. The company launched Multigres v0.1 alpha, a scalable operating system for Postgres, in line with its growth strategy. Database launches on Supabase grew 600% in the past year, with over 60% of new databases driven by AI tools. The platform has attracted nearly 10 million developers, more than doubling user growth in eight months, driven by partnerships and AI-based platforms. Funding will focus on improving infrastructure reliability, performance, and user support. Supabase has a global remote team with employees in over 50 countries, supporting developer autonomy and community-driven open-source initiatives.
Apr 2, 2026Funding Round
Supabase Aims to Double Valuation to $10B in New Funding Round
Singapore sovereign wealth fund GIC is reportedly in talks to lead an investment in open-source database startup Supabase at a valuation of about $10 billion.Supabase is reportedly seeking to raise approximately $500 million in the current fundraising round, although the amount could change. The talks come months after the company was valued at $5 billion in a funding round last fall.Supabase is a backend platform that enables developers to quickly build applications. It has benefited from growing demand for AI-powered coding assistants and is built on the PostgreSQL open-source database, a system for organizing and managing information online.Founded by Paul Copplestone and Ant Wilson in 2020, Supabase has a list of notable investors including Accel, Felicis, Coatue Management, Y Combinator, and Craft Ventures. The interest from GIC indicates a strong confidence in the company's growth potential and the increasing demand for open-source database solutions in the tech industry.The move to double its valuation highlights the aggressive growth strategy of Supabase and underscores the significant role of open-source technologies in the current tech landscape. It also reflects the broader trend of investors betting on companies that can capitalize on the growing need for efficient and scalable database solutions.
