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Supabase eyes $10b valuation in new funding talks
Supabase, an open-source database startup, is in talks to raise new funding at a valuation of about US$10 billion, according to a report citing people familiar with the matter.
The company is seeking to raise around US$500 million, with Singapore’s sovereign wealth fund GIC expected to lead the round.
The discussions would roughly double Supabase’s valuation from about US$5 billion in its previous funding round last year.
Founded in 2020 by Paul Copplestone and Ant Wilson, Supabase offers a developer backend platform built on the PostgreSQL database and counts Accel, Coatue, and Y Combinator among its investors.
🔗 Source: Reuters
🧠 Food for thought
Implications, context, and why it matters.
Supabase’s potential valuation tracks fast revenue and user growth
- The $5 billion valuation was set during a $100 million Series E funding round last fall 1.
- Four months earlier, Supabase raised $200 million in a Series D at a $2 billion valuation. That move lifted the valuation 2.5x over that stretch 2.
- Revenue climbed from $14.8 million in 2024 to a reported $70 million in 2025 3.
- Over the past year, the developer user base expanded from 1 million to more than 4 million 4.
Supabase points to rising demand for AI-ready backend infrastructure
- Supabase’s growth aligns with a wider shift toward backend infrastructure as a core part of the AI app surge 1.
- It supplies database and backend tools used by AI-powered coding assistants and “vibe-coding” platforms that rely on natural language to build apps 2.
- CEO and co-founder Paul Copplestone said AI builders make up about 30% of signups 4.
- Supabase pitches itself as the open-source layer for AI-driven development. It expects to earn revenue by selling tools to teams building AI models 1.
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