Supabase, a startup that makes backend tools for building artificial intelligence apps, raised $500 million at a valuation of $10.5 billion on Thursday. The funding round, led by GIC and including Accel, Y Combinator, Craft, Felicis, Coatue and Stripe, roughly doubled the company's valuation since its last funding round in October. The surge reflects venture investors' appetite for AI infrastructure companies benefiting from the wave of AI-assisted coding, which allows developers and non-technical users to quickly build apps through simple text prompts.
Supabase Secures $500 Million in GIC-Led Funding Round
The $500 million funding round at a $10.5 billion valuation was led by GIC and included participation from Accel, Y Combinator, Craft, Felicis, Coatue and fintech startup Stripe. The valuation represents roughly double the company's value from its previous funding round in October. Co-founder and CEO Paul Copplestone said AI coding tools are now responsible for the majority of databases on Supabase's platform, with Claude Code being the largest contributor in 2026.
Company Grows to 250,000 Customers Since 2020 Launch
Co-founded by CEO Paul Copplestone and CTO Ant Wilson in 2020, Supabase has grown to over 250,000 customers and built a staff of 350 employees. Copplestone first pitched the idea to an investor in 2014 without success, then tried again six years later after dealing with scaling limits with databases at another startup. The company uses the open-source database Postgres for developers to store data, authenticate users' sign-ups and logins, and build and scale their apps on the same platform. Arun Mathew, a partner at Accel, said Supabase's growth rate is "phenomenal" and that "we haven't seen a company grow at this pace, certainly in the database layer, ever, ever before."
Supabase Previews Multigres Scaling Tool
Along with Thursday's announcement, Supabase announced the preview of a new tool called Multigres. According to Copplestone, the tool aims to help companies developing on Supabase's platform to scale "up to the size of OpenAI or even larger." The announcement comes as AI infrastructure startups have attracted significant acquisition interest, with Databricks buying database startup Neon for roughly $1 billion in May of last year.
FAQ
What did Supabase announce on Thursday?
Supabase announced it raised $500 million at a valuation of $10.5 billion in a funding round led by GIC, with participation from Accel, Y Combinator, Craft, Felicis, Coatue and Stripe. The company also previewed a new scaling tool called Multigres.
How much has Supabase's valuation increased since October?
Supabase's valuation of $10.5 billion roughly doubled from its last funding round in October, reflecting investor interest in AI infrastructure companies.
Who founded Supabase and when?
Supabase was co-founded by CEO Paul Copplestone and CTO Ant Wilson in 2020. The company has since grown to over 250,000 customers and 350 employees.
