Database startup Supabase has raised $500 million in a Series F round led by Singapore's GIC, valuing the company at $10.5 billion. That is roughly double its $5 billion valuation from October 2025, and it brings total capital raised past $1 billion. Existing backers Accel, Y Combinator, Craft Ventures, Felicis, Coatue and Stripe also joined the round.
Founded by CEO Paul Copplestone and CTO Ant Wilson, Supabase provides PostgreSQL-based backend infrastructure — managed databases, authentication, file storage, APIs and real-time features — to more than 250,000 customers with a team of around 350 people. The number of databases on the platform has jumped 600% year-over-year as the "vibe coding" trend takes off.
The surge is being driven by AI coding agents that spin up backends automatically: Claude Code is now the single largest contributor of new databases on the platform. "The product just works," Copplestone said, noting the long-standing challenge of scaling databases from small apps to the world's largest organizations.