Supabase raises $500M at $10.5B valuation in Series F

Supabase raised $500 million in a Series F round at a $10.5 billion post-money valuation. The round was led by GIC, with participation from existing investors Accel, Y Combinator, Craft, Felicis, Peak XV, and Coatue, while Stripe invested again and Salesforce Ventures joined as a new backer.

The company said the new capital will support development of open source Postgres tools, growth, and employee liquidity. The funding comes seven months after Supabase’s Series E and pushes total capital raised past $1 billion, underscoring how quickly investor demand has grown around infrastructure for AI application development.

Supabase is best known as an open source Postgres development platform and backend layer for building applications. Its rapid valuation increase highlights continued investor interest in developer infrastructure that can serve AI-driven software creation and modern application backends.