💰Supabase Raises $500M in Series F at $10B Valuation
Supabase Doubles Down with Half a Billion Dollars
TL;DR
Supabase, known for its PostgreSQL-based database services, has raised $500 million at a $10 billion valuation. The company now claims nearly 10 million developers as users and is expanding with Multigres to manage complex tasks.
Supabase just announced it's raising $500 million in Series F funding, pushing its pre-money valuation up to $10 billion. This rapid growth has seen the company's user base nearly double to 10 million developers in eight months. Supabase is now a go-to for those using PostgreSQL and looking to simplify database management with tools like Multigres. The round was led by GIC, with Stripe and new investors Georgian and Salesforce Ventures also participating.
Key Points
Supabase's Series F funding round brings the company's total raised to over $600 million since inception.
The post-investment valuation of Supabase stands at approximately $10.5 billion, up from $5 billion in October.
Over 60% of new databases launched now use AI tools, driving demand for services like Supabase's Multigres.
Supabase claims nearly 10 million developers as users, doubling its user base in just eight months.
Multigres provides central management for read replicas, failovers, connection limits, backups, and more.
Why It Matters
If you're using Supabase's PostgreSQL-based services, this funding round signals a major investment in expanding capabilities. With Multigres now available to ease the complexity of running Postgres at scale, teams can focus on development without worrying about database management overhead.
Frequently Asked Questions
Why does this matter?
If you're using Supabase's PostgreSQL-based services, this funding round signals a major investment in expanding capabilities. With Multigres now available to ease the complexity of running Postgres at scale, teams can focus on development without worrying about database management overhead.
What happened?
Supabase, known for its PostgreSQL-based database services, has raised $500 million at a $10 billion valuation. The company now claims nearly 10 million developers as users and is expanding with Multigres to manage complex tasks.
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