Supabase, the open source database of choice for the vibe coding world, has increased $500 million Series F at a $10 billion pre-money valuation, the company announced Friday. That’s about $10.5 billion after investment.
The newly minted decacorn has been doubling in valuation every few months for a few years now, as vibe coding tools have driven its use to phenomenal growth: over 600% in the past year, with over 60% of new databases launched “with some sort of AI tool,” wrote CEO and co-founder Paul Copplestone. announcing the increase.
The startup also now claims nearly 10 million developers as users, which has doubled in eight months. Copplestone particularly credits Claude Code and Codex for this development because popular AI models “expand the number of people who can build.” Supabase is also a database of choice for Bolt, Figma, Lovable, Replit and more.
This new cash infusion follows a $100 million round at a $5 billion valuation in October. And that raise came just months after closing from $200 million to $2 billion.
Supabase uses the popular open source database Postgres as its engine, a database that was released long before artificial intelligence was a twinkle in Sam Altman’s eye. One of the most interesting things about Supabase is the work it does to make Postgres less interesting to vibe developers and coders as their applications grow and attract users.
For example, he also introduced this week a tool called Multigres that he describes as an “operating system” for Postgres. Its purpose is to ease the complexity of running Postgres at scale by giving developers a centralized way to manage pesky tasks like read replicas, failovers, connection limits, backups, and so on.
Another interesting thing about the company involves the choices Copplestone made in its construction. He told us on an episode of Equity’s podcast in November how he refused to participate in the so-called “sh*tification” of developer tools because it didn’t appeal to businesses offering multi-million dollar contracts that then make product requirements. Instead, he sticks to his own vision for the product. This is the reverse strategy of most startups, but there’s no doubt it’s working for Supabase.
The round was led by GIC, with existing investors piling on like Stripe, and new investors Georgian and Salesforce Ventures.
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