Vibe Supabase, the open source database of choice in the coding world, has raised $500 million in Series F funding at a pre-emptive valuation of $10 billion, the company announced Friday. After investment, it is worth about $10.5 billion.
Newly minted decacorns have doubled in value every few months for several years as Vibe coding tools have driven incredible growth in usage. In a blog post announcing the increase, CEO and co-founder Paul Copplestone said in a blog post announcing the increase that more than 60% of new databases were launched “by some type of AI tool,” an increase of more than 600% in the past year.
Additionally, the startup now claims nearly 10 million developers as its users, doubling in eight months. Copplestone credits Claude Code and Codex for this growth, especially because popular AI models “expand the number of people who can build them.” Supabase is also the database of choice for Bolt, Figma, Lovable, Replit, etc.
This new cash infusion follows a $100 million round in October that valued the company at $5 billion. And that increase comes just a few months after closing on $200 million to $2 billion.
Supabase uses the popular open source database Postgres as its engine. Postgres is a database that was released long before AI was a twinkle in Sam Altman’s eye. One of the most exciting things about Supabase is what Postgres does to ease the maintenance burden on developers and Vibe coders as their apps grow and attract users.
For example, this week we released a tool called Multigres, which we describe as the “operating system” for Postgres. It is intended to alleviate the complexity of running Postgres at scale, giving developers a central way to manage cumbersome tasks such as read replicas, failover, connection limits, backups, etc.
Another interesting thing about the company has to do with the choices Copplestone made to create it. He said in an episode of the Equity podcast last November that he refuses to participate in the so-called “sh*tification” of developer tools because it doesn’t accommodate product demands from companies offering multi-million dollar contracts. Instead, he sticks to his own product vision. This is the opposite of a strategy for most startups, but there’s no denying that it worked for Supabase.
The round was led by GIC, which brought together existing investors like Stripe and new investors like Georgian and Salesforce Ventures.
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