GIC Leads Supabase’s $500 Million Series F, Valuing It at $10.5 Billion

Supabase, the open-source Firebase alternative built on Postgres, raised a $500 million Series F and reached a $10 billion pre-money valuation, pushing its post-money valuation to approximately $10.5 billion.

“Supabase Rockets to $10 Billion Valuation in 8 Months, Raising $500M in Series F Supabase, the open-source Firebase alternative built on Postgres, has achieved decacorn status with a $500 million Series F funding round at a $10 billion pre-money valuation”

BBN Times

The funding round was led by Singapore’s sovereign wealth fund GIC, with participation from all existing investors including a follow-on from Stripe, and new investors including Georgian and Salesforce Ventures.

BBN Times

The company said the round came as database launches on its platform surged over 600% in the past year, with more than 60% of new databases launched via AI tools.

Supabase also said it now supports nearly 10 million developers, and that this growth is tied to AI-assisted development tools such as Claude Code and Codex.

In the same announcement, Supabase released Multigres v0.1 alpha, describing it as an experimental “operating system for Postgres” aimed at simplifying large-scale operations.

Supabase co-founder and CEO Paul Copplestone said, “Demand for Supabase is exploding. Our user base has more than doubled since the Series E and we’ve seen a 600% increase in databases year-over-year.”

In the same framing, Copplestone said Claude Code was the largest contributor since the start of the year and that “Agents are now deploying the majority of databases on our platform.”

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CNBC linked the surge to “vibe-coding” and said Supabase’s valuation roughly doubled since its last funding round in October, riding the wave of AI-assisted coding that lets developers build apps through simple text prompts.

CNBC also quoted Arun Mathew, a partner at Accel, saying, “Very few products do that.”

The company’s back-end pitch centers on Postgres, with Supabase using it for developers to store data, authenticate users’ sign-ups and logins, and build and more easily scale apps on the same platform.

Alongside the Series F, Supabase unveiled a preview release of Multigres, an open-source scaling layer designed for PostgreSQL that aims to help teams outgrow a single Postgres instance without migrating to a different database architecture.

“Vibe coding needs infrastructure”

CNBC

Pulse 2.0 said Multigres provides horizontal scaling capabilities through features such as sharding, zero-downtime migrations, and high availability, and that the software is being released under the Apache 2.0 license.

TechCrunch described Multigres as an “operating system” for Postgres intended to ease the complexity of running Postgres at scale, giving developers a central way to manage tasks like read replicas, failovers, connection limits, backups, and so on.

FinSMEs said Supabase intends to use the funds to expand operations and its development efforts, and it described the platform as providing a complete backend including Postgres database, authentication, storage, edge functions, real-time subscriptions, and vector search.

The funding also adds to Supabase’s total capital raised, with TNGlobal saying the funding comes just seven months after its Series E and brings total capital raised to over $1 billion.