SAN FRANCISCO: Supabase has secured $500 million in a Series F funding round, valuing the company at $10.5 billion. The round was led by GIC, Singapore’s sovereign wealth fund, and announced on June 4.
Existing investors Accel, Y Combinator, Craft, Felicis, Peak XV, and Coatue all participated in the deal. Stripe returned as a repeat investor while Salesforce Ventures joined for the first time as a strategic backer.
The new valuation is roughly double the $5 billion valuation Supabase achieved during its Series E round in October. The company has now raised over $1 billion in total funding. With a team of 350 people, Supabase currently serves more than 250,000 paying customers worldwide. The explosive growth is largely being driven by the rising demand for AI coding tools.
Database launches on Supabase grew 600% year over year through June 2026. More than 60% of new databases now get deployed by AI coding tools directly. Claude Code emerged as the largest single contributor to the platform during 2026.
The company built an open-source alternative to Google’s Firebase on top of PostgreSQL. Developers use Supabase for databases, authentication, storage, real-time APIs, and vector search. The platform reaches more than 9 million developers across enterprise and indie segments.
Supabase for Platforms saw a 370% increase in customers over the past six months. The product powers backend infrastructure for top AI app builders globally. Lovable, Bolt.new, Cursor, and similar tools drive significant new database deployments.
“This is the moment that I could build the startup that I dreamed of,” says Supabase CEO Paul Copplestone.
The funding lands amid surging investor interest in AI-native backend infrastructure broadly. OpenRouter raised $113 million at $1.3 billion just last week. The category attracts capital as AI-generated apps multiply across enterprise and consumer markets.
Supabase also previews Multigres, an open-source scaling layer for Postgres deployments outgrowing single instances.
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