Supabase Hits $10.5B Valuation After $500M Series F Round
Supabase raised $500M at a $10.5B valuation, doubling its worth in seven months.
"AI agents are literally deploying most of Supabase's databases now. The robots aren't coming for your job — they're coming for your cloud bill."
Supabase, the open-source Postgres development platform, announced a $500 million Series F funding round on June 4, 2026, valuing the company at $10.5 billion post-money. The round was led by GIC, Singapore's sovereign wealth fund, with returning investors Accel, Y Combinator, Craft, Felicis, Peak XV, and Coatue participating. Stripe made a second investment, and Salesforce Ventures joined as a new backer. Total capital raised now exceeds $1 billion.
Founded in 2020 by CEO Paul Copplestone and CTO Ant Wilson, Supabase now serves over 250,000 customers with a team of 350. The company's user base more than doubled since its October Series E, and databases on the platform grew 600% year-over-year. Copplestone disclosed that Claude Code is the platform's largest contributor in 2026, with AI agents now deploying the majority of databases. Supabase for Platforms posted a 370% customer increase in six months. The company also previewed Multigres, an open-source scaling layer for Postgres.
The fundraise signals a structural shift in database infrastructure demand, driven by agentic AI workflows. As autonomous agents spin up databases at scale, platforms like Supabase are becoming foundational AI infrastructure — not just developer tools.
AI agents are now a primary driver of database creation, making infrastructure platforms like Supabase critical to any AI-powered product strategy. Executives building with AI tools should expect backend infrastructure costs and complexity to scale faster than anticipated. Supabase's growth trajectory also signals that open-source Postgres tooling is winning the enterprise database layer.
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