Supabase doubles valuation to $10B in 8 months

Supabase, the unfastened root database of prime for the vibe coding world, has raised a $500 cardinal Series F astatine a $10 cardinal pre-money valuation, the institution announced Friday. That’s astir $10.5 cardinal aft the investment.

The recently minted decacorn has been doubling its valuation each fewer months for a mates of years now, arsenic vibe coding tools person driven its usage to astounding growth: implicit 600% successful the past year, with implicit 60% of caller databases launched “by immoderate benignant of AI tool,” CEO and co-founder Paul Copplestone wrote successful a blog station announcing the raise.

The startup besides present claims astir 10 cardinal developers arsenic users, which has doubled successful 8 months. Copplestone peculiarly credits Claude Code and Codex for this maturation due to the fact that the fashionable AI models “expand the fig of radical who tin build.” Supabase is besides a database of prime for Bolt, Figma, Lovable, Replit, and others.

This caller influx of currency follows a $100 cardinal circular astatine a $5 cardinal valuation successful October. And that rise came conscionable months aft closing $200 cardinal astatine $2 billion.

Supabase uses fashionable unfastened root database Postgres arsenic its engine, a database launched agelong earlier AI was a twinkle successful Sam Altman’s eye. One of the much absorbing things astir Supabase is the enactment it’s doing to marque Postgres little of a attraction hog for developers and vibe coders arsenic their apps turn and pull users.

For instance, it besides this week launched a instrumentality called Multigres that it describes arsenic an “operating system” for Postgres. It’s intended to easiness the complexity of moving Postgres astatine scale, giving developers a cardinal mode to negociate pesky tasks similar work replicas, failovers, transportation limits, backups, and truthful on.

Another absorbing happening astir the institution involves the choices Copplestone made to physique it. He told america connected an episode of the Equity podcast successful November however helium refused to partake successful the alleged “sh*tification” of developer tools due to the fact that helium wouldn’t cater to enterprises offering multi-million-dollar contracts who past marque merchandise demands. Instead, helium sticks to his ain merchandise vision. That’s the reverse strategy of astir startups, but there’s nary denying its been moving for Supabase.

The circular was led by GIC, with existing investors piling successful similar Stripe, and caller investors Georgian and Salesforce Ventures.