Supabase Nabs $5b Valuation, Four Months After Hitting $2b

It’s been a whirlwind twelvemonth for nan database of prime for nan vibe-coding world: Supabase. On Friday Supabase announced that it raised a caller $100 cardinal Series E connected a $5 cardinal valuation, led by Accel and Peak XV. This is conscionable 4 months aft closing its $200 cardinal Series D connected a $2 cardinal valuation, led by Accel, pinch Coatue.

And that Series D was conscionable 7 months aft raising an $80 cardinal Series C led by Sequoia spinoff Peak XV and David Sacks’ Craft Ventures astatine an undisclosed valuation. PitchBook estimated Supabase was weighted astatine astir $765 cardinal successful that deal, post-money.

So that’s $380 cardinal raised successful a twelvemonth and an complete 500% valuation measurement up, assuming PitchBook’s estimates of nan Series C valuation are successful nan ballpark. Supabase has now raised a full of $500 million, it says.

Open root database work Supabase was founded successful 2020 by CEO Paul Copplestone and CTO Ant Wilson (pictured), a fewer years earlier nan LLM-powered vibe coding craze spawned. It was primitively a Y Combinator startup that offered developers a Postgres-based unfastened root replacement to Google’s Firebase. Firebase is simply a database that was besides designed to powerfulness AI apps.

Supabase combines Postgres pinch different enterprise-grade unfastened root devices for features for illustration authentication, auto-generated APIs, record storage, and a vector toolkit (necessary for galore AI apps). It eased nan difficult parts of mounting up a database down to a fewer fastener clicks. Consequently it became a celebrated backmost extremity for vibe-coding devices — which constitute apps pinch earthy connection prompts — like fast-growing Lovable and Bolt. It is progressively utilized arsenic nan database of prime for Figma and different uber celebrated AI coding devices for illustration Replit, Cursor, and Claude Code, it says.

Interestingly, because Supabase is unfastened root and supported by a organization of developers — claiming 4 cardinal developers arsenic users — it is allowing organization members to besides bargain banal arsenic portion of this Series E funding, nan institution said.