Supabase, the open source database of choice for the vibe-coding world, has raised a $500 million Series F at a $10 billion pre-money valuation, the company announced Friday. That brings its post-money valuation to approximately $10.5 billion.
The newly minted decacorn has been doubling its valuation every few months for a couple of years now, as vibe-coding tools have driven astounding usage growth. Database launches on Supabase have grown over 600% in the past year, with over 60% of them launched “by some sort of AI tool,” CEO and co-founder Paul Copplestone wrote in a blog post announcing the raise.
The startup now claims nearly 10 million developers as users, a figure that has doubled in eight months. Copplestone particularly credits Claude Code and Codex for this growth, noting the popular AI models “expand the number of people who can build.” Supabase is also a database of choice for Bolt, Figma, Lovable, Replit, and others.
This new influx of cash follows a $100 million round at a $5 billion valuation in October, which itself came just months after closing $200 million at a $2 billion valuation.
Supabase uses the popular open source database Postgres as its engine. One of the more interesting aspects of the company is the work it is doing to make Postgres less of a maintenance burden for developers and vibe coders as their apps grow and attract users.
This week, for instance, Supabase launched a tool called Multigres that it describes as an “operating system” for Postgres. It is intended to ease the complexity of running Postgres at scale, giving developers a central way to manage tasks like read replicas, failovers, connection limits, and backups.
Another notable aspect of the company involves the philosophy Copplestone has used to build it. In a November episode of the Equity podcast, he explained how he refused to partake in the “sh*tification” of developer tools by declining to cater to enterprises offering multimillion-dollar contracts that come with product demands. Instead, he sticks to his own product vision - the reverse strategy of most startups, and one that has clearly been working.
The round was led by GIC, with existing investors including Stripe participating alongside new investors Georgian and Salesforce Ventures.