Supabase has raised USD $500 million in a Sequence F funding spherical, valuing the database software program firm at USD $10.5 billion post-money.
GIC led the spherical, with participation from current traders Accel, Y Combinator, Craft, Felicis, Peak XV and Coatue. Stripe made a second funding within the firm, and Salesforce Ventures additionally joined.
The fundraising comes seven months after Supabase’s earlier spherical and brings its whole capital raised to greater than USD $1 billion. Alongside the financing announcement, the corporate disclosed a preview launch of Multigres, an open supply scaling layer for Postgres.
Buyer progress
Supabase says it has greater than 250,000 clients, and greater than 9 million builders use its platform. Its person base has greater than doubled for the reason that earlier spherical, whereas the variety of databases on its system has risen 600% yr on yr.
The corporate is constructed round Postgres, the open supply database, and sells a broader backend software program platform that features authentication, storage, edge capabilities, real-time subscriptions and vector search. It says many bigger companies use the service as backend infrastructure for AI-native purposes.
Synthetic intelligence instruments have gotten a bigger supply of exercise on the platform. In keeping with Supabase, Claude Code has been its largest contributor for the reason that begin of the yr, and brokers now deploy many of the databases created on its system.
Development focus
One other product line has additionally grown shortly. Supabase for Platforms, utilized by AI utility builders, recorded 370% buyer progress over the previous six months.
The recent capital offers the corporate a bigger steadiness sheet as competitors intensifies amongst infrastructure suppliers serving AI software program builders. Demand for database, storage and utility tooling has elevated as builders construct software program that depends on giant numbers of automated interactions and frequent database creation.
Multigres launch
Multigres is designed for groups that outgrow a single Postgres occasion and need to keep away from transferring to a different sort of database. The software program provides sharding, zero-downtime migrations and excessive availability inside the Postgres ecosystem, in response to the corporate.
The Multigres preview is being launched beneath the Apache 2.0 licence, consistent with Supabase’s open supply positioning, which has been central to its pitch to builders because it was based in 2020.
Paul Copplestone, outlined latest demand traits. “Demand for Supabase is exploding. Our person base has greater than doubled for the reason that Sequence E and we have seen a 600% enhance in databases year-over-year. Claude Code is the most important contributor for the reason that begin of the yr. Brokers at the moment are deploying nearly all of databases on our platform,” stated Paul Copplestone, Co-founder and Chief Government Officer, Supabase.
Investor backing
The scale and valuation of the spherical place Supabase among the many extra extremely valued non-public software program corporations targeted on developer instruments and database infrastructure. The funding additionally alerts continued investor urge for food for companies tied to AI software program creation, notably these supplying the underlying information layer.
Based in 2020, Supabase has constructed a enterprise round giving builders a managed Postgres-based backend with a wider set of software program providers hooked up. Its market now consists of greater than 100 built-in companion instruments.
Stripe’s follow-on backing stands out as a result of the funds firm has already invested in Supabase earlier than. Current backers additionally selected to keep up assist at a time when non-public market traders have develop into extra selective on valuation and progress expectations.