Supabase Raises $500 Million Series F at $10.5 Billion Valuation

Supabase has raised $500 million in a Series F funding round at a $10.5 billion valuation, announced in a press release. The round was led by GIC with participation from existing investors including Accel, Y Combinator, Craft, Felicis, Peak XV, and Coatue. Stripe made a second investment, and Salesforce Ventures joined the round. This funding comes seven months after Supabase’s Series E, bringing its total capital raised to more than $1 billion.

According to the company, its user base has more than doubled since the previous round, with a sixfold increase in databases year over year. Supabase now supports over 250,000 customers and is used by many enterprises as backend infrastructure for applications powered by AI. The company’s Supabase for Platforms product, which supports many AI app builders, has grown its customer base by 370 percent in the past six months.

Supabase also introduced a preview of Multigres, an open source scaling layer for Postgres. Multigres adds horizontal scaling, zero downtime migrations, and high availability to Postgres, helping teams expand beyond a single instance without migrating to another database system. The preview is available now under the Apache 2.0 license, with a partner program open for applications.