Supabase

Developer Tools · Database Infrastructure · AI Agents

Funding

Supabase raises $150M, acquires Turso months after $500M round

Back-to-back raises show investors scrambling to fund whichever database layer AI coding agents default to for memory.

• Supabase announced $150 million in new funding led by GIC, with Alphabet's CapitalG, IronArc and SquarePeg also participating, just four months after its $500 million Series F, alongside the acquisition of database startup Turso.
• Supabase is an open-source Postgres development platform that has become the default backend for AI coding tools, now adding more than 1 million users and 4 million databases every month.
• Turso rebuilt SQLite in Rust so a single server can manage millions of on-demand databases; founders Glauber Costa and Pekka Enberg are joining Supabase, with Costa leading its new agentic infrastructure effort.
• 70% of new databases on Supabase are now created by agents or AI-driven tools, following a 600% year-over-year surge in database creation reported earlier in the year.
• The new round lands months after Supabase's $500 million Series F doubled its valuation to $10.5 billion in eight months, a raise led by GIC with Stripe, Georgian and Salesforce Ventures.
• As coding agents increasingly choose their own backend infrastructure, investors are betting heavily on whichever database platform becomes the default memory layer for agent-built software.