Supabase doubles valuation to $10B in 8 months - BERITAJA

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 about $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 devices person driven its usage to astounding growth: complete 600% successful the past year, pinch complete 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 now claims about 10 cardinal developers arsenic users, which has doubled successful 8 months. Copplestone peculiarly credits Claude Code and Codex for this maturation because the celebrated AI models “expand the number of group who could build.” Supabase is besides a database of prime for Bolt, Figma, Lovable, Replit, and others.

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

Supabase uses celebrated unfastened root database Postgres arsenic its engine, a database launched agelong earlier AI was a shine successful Sam Altman’s eye. One of the much absorbing things about Supabase is the activity it’s doing to make 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 measurement to negociate pesky tasks for illustration publication replicas, failovers, relationship limits, backups, and truthful on.

Another absorbing point about the institution involves the choices Copplestone made to build it. He told america connected an episode of the Equity podcast successful November really he refused to partake successful the alleged “sh*tification” of developer devices because he wouldn’t cater to enterprises offering multi-million-dollar contracts who past make merchandise demands. Instead, he sticks to his ain merchandise vision. That’s the reverse strategy of about startups, but there’s nary denying its been moving for Supabase.

The information was led by GIC, pinch existing investors piling successful for illustration Stripe, and caller investors Georgian and Salesforce Ventures.