Supabase doubles valuation to $10B in 8 months
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- Supabase raised $500 million in a Series F round at a $10 billion pre‑money valuation, bringing its post‑money valuation to $10.5 billion.
- Supabase reported a 600 % usage growth over the past year, with over 60 % of new databases launched by AI tools such as Claude Code and Codex.
- Supabase now has nearly 10 million developer users, double the count eight months earlier.
- Supabase launched Multigres, an “operating system” for Postgres that centralizes management of read replicas, failovers, connection limits, and backups.
- Supabase’s Series F round was led by GIC, with participation from existing investor Stripe and new investors Georgian and Salesforce Ventures.
Why it matters: Developers and companies like Bolt and Figma gain a more scalable Postgres platform as Supabase's $500M Series F funds its Multigres tool, while investors see a $10B valuation after 600% usage growth and a 10M‑developer user base.
