Supabase nabs valuation of USD 5 billion, four months after reaching USD 2 billion

It was an aerial tnap 12 months for the selection of a world database: Supabase. On Friday, Supabase announced that it collected a recent E $ 100 million series with a valuation of $ 5 billion, run by Accel and Peak XV. It is only four months after closing the D series in the amount of $ 200 million with a valuation of $ 2 billion, run by Accel.

And this D series lasted only seven months after collecting a C series price $ 80 million run by Sequoia Spinoff Peak XV and David Sacks Craft Ventures with undisclosed valuation. Pitchbook estimated that Supabase was priced at around $ 765 million in this contract, to money.

It is $ 380 million collected during the 12 months, and over 500% of the valuation up, assuming that the estate of the C Series valuation is on the pitch. He says Supabase has raised a total of $ 500 million.

Open Source database service support was founded in 2020 by CEO of Paul Copplestone and CTO Ant Wilson (pictured above), a few years before welding the madness encoding the atmosphere code. Originally, it was a combinator startup, which he offered programmers based on postgres based on open source alternative to Google Firebase. Firebase is a database that has also been designed to power AI.

Supabase combines postgres with other open source tools of corporate class for functions resembling authentication, routinely generated API interfaces, storage of files and a set of vector tools (essential for many AI applications). Difficult parts of the database configuration for several clicks of the buttons have been simplified. Therefore, it has change into a popular facilities for tools encoding the atmosphere-who write applications with natural language hints-as quickly developing, beloved and bolt. It is increasingly used as a chosen database for Figma and other popular AI Uber coding tools, resembling replit, cursor and Claude code, he says.

Interestingly, because Supabase is Open Source and supported by the programmers’ community – claiming that 4 million programmers as users – allows community members to purchase shares as part of this financing of the E series.

(*2*)
(*5*)

TechCrunch event