Supabase CEO and Co-Founder Paul Copplestone (left) and Chief Technology Officer and Co-Founder Ant Wilson.
Provided by: Spa Base Co., Ltd.
Vibe coding requires infrastructure. Supabase is trying to provide that.
The startup, which develops backend tools for building artificial intelligence apps, announced Thursday that it has raised $500 million at a valuation of $10.5 billion. This is the latest sign that venture investors are pouring money into every corner of the growing AI market.
Supabase’s valuation has nearly doubled since its last funding round in October, riding the wave of AI-assisted coding that allows developers and people with no technical skills to quickly build apps and programs through simple text prompts.
Co-founded by CEO Paul Copplestone, Supabase has benefited greatly from the surge in popularity of Anthropic’s Claude Code and OpenAI’s Codex. These types of tools currently make up the majority of the databases on Supabase’s platform, and Claude Code will be the largest contributor by 2026, he said.
Supabase uses the popular open source database Postgres for developers to store data, authenticate user sign-ups and logins, build apps on the same platform, and scale them more easily.
Coplestone said the idea didn’t go well when he first pitched it to investors in 2014. He tried again six years later after dealing with scaling limitations in a database he was using at another startup.
“I built some tools around it and put it out into the world,” Coplestone said. “It started becoming very popular. At that point, I decided, ‘Oh, this is the moment I can build the startup of my dreams.'”
The funding round was led by GIC, with participation from Accel, Y Combinator, Craft, Felicis, Coatue, and fintech startup Stripe.
Since launching the company with Chief Technology Officer Ant Wilson in 2020, Copplestone has attracted more than 250,000 customers and employs 350 people. He is directly targeting database services for companies such as: Mongo DB and Amazonoffers Aurora through its cloud division.
Along with Thursday’s announcement, the startup also announced a preview of a new tool called Multigres. The goal is to help companies developing on Supabase’s platform scale “to OpenAI scale and beyond,” Copplestone said.
Team photo of database startup Supabase.
Provided by: Spa Base Co., Ltd.
“This product works great. Historically, I think there have been a lot of challenges in scaling databases from small applications by one developer to the world’s largest organizations, businesses, and applications,” said Arun Mathew, Partner at Accel. “There are very few products that can do that.”
AI infrastructure startups have become a hot commodity for acquirers. In May of last year, data brick It acquired database startup Neon for about $1 billion.
Matthew describes Supabase’s growth rate as “staggering.”
“I’ve never seen a company grow at this pace, certainly at the database layer,” Matthew said. “Currently, AI infrastructure and developer-first tools are a torrent of fast-flowing water.”
Attention: Apple’s vibe coding crackdown
