Supabase Raises $500M, Doubling Valuation to $10B in 8 Months

Supabase, the open-source database platform, raised $500 million in a Series F funding round on June 5, 2026, reaching a pre-money valuation of $10 billion—about $10.5 billion post-money. The round was led by Singapore’s GIC, with returning investor Stripe and new backers Georgian and Salesforce Ventures. The valuation doubled from its $100 million round at $5 billion in October 2025. CEO Paul Copplestone credited AI coding tools for driving a 600% usage increase over the past year; over 60% of new databases are launched through AI tools such as Claude Code and Codex. The company now counts nearly 10 million developer users, double the figure from eight months prior. Supabase, which runs on PostgreSQL, also unveiled Multigres, an “operating system” designed to ease database scaling challenges. The company’s product-led strategy, avoiding enterprise feature creep, has fueled its rapid ascent among developers using platforms like Bolt, Figma, and Replit.