The Supabase platform is used by many enterprises as the back-end structure for their AI-native applications, the company said in a Thursday (June 4) press release.
Postgres is an open source, relational database that can serve as the underlying database for customers creating AI agents.
Supabase for Platforms, which powers top AI app builders, saw a 370% increase in its number of customers over the past six months, the release said.
In the Thursday press release, Supabase announced its release of a preview of Multigres, an open source scaling layer for Postgres that is designed for teams that outgrow a single Postgres instance.
The Series F round valued Supabase at $10.5 billion, up from the $5 billion valuation it achieved in an October Series E in which it raised $100 million.
“Demand for Supabase is exploding,” Supabase Co-Founder and CEO Paul Copplestone said in the release. “Our user base has more than doubled since the Series E, and we’ve seen a 600% increase in databases year over year.”
Claude Code is the largest contributor this year, and agents are now deploying most of the databases on the Supabase platform, Copplestone said.
Copplestone said in a Thursday blog post that the Series F round will go toward growth, liquidity for employees, and the acceleration of the development of open source/Postgres tools.
Supabase’s latest funding round was led by GIC and included participation from Accel, Y Combinator, Craft, Felicis, Peak XV and Coatue.
Felicis said in a Thursday post on LinkedIn: “When Felicis first backed Supabase at Series B, the company had one of the strongest developer growth curves we’d seen; [it] was one of the fastest growing on GitHub. The thesis was that open source, Postgres-native tooling would become foundational infrastructure. That thesis has played out faster than anyone expected.”
Coatue said in a Thursday post on LinkedIn that it led Supabase’s Seed and Series A and has seen the company’s platform adopted by 9 million developers worldwide.
“As agents reshape how software gets built, Supabase has become the default infrastructure underneath,” Coatue said in the post.
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