Observed Signal · Jun 4, 2026 · Funding · Source: CNBC Technology · Impact: 3/5 · Sentiment: Positive
Supabase Raises $500M at $10.5B Valuation
Supabase, a database and backend platform used to build AI applications, raised $500 million in a funding round that values the company at $10.5 billion including the new capital. The round was led by GIC and included investors such as Accel, Y Combinator, Craft, Felicis, Coatue and Stripe. Supabase, founded in 2020 by CEO Paul Copplestone and CTO Ant Wilson, provides Postgres-based backend tooling and has grown to about 250,000 customers and roughly 350 employees. The company said AI-assisted coding tools (notably Anthropic’s Claude Code and OpenAI’s Codex) now generate the majority of databases on its platform. Supabase also previewed a new scaling tool called Multigres aimed at supporting very large deployments.
Large $500M funding and $10.5B valuation signal strong investor interest in AI infrastructure and developer-first database platforms; the news may accelerate infrastructure investment and integrations but is not a major industry policy or platform change.
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Key Takeaways & Evidence Grounding
- Supabase raised $500 million in a funding round valuing the company at $10.5 billion including the fresh capital.
- The funding round was led by GIC and included Accel, Y Combinator, Craft, Felicis, Coatue and Stripe.
- Supabase was co-founded in 2020 by Paul Copplestone (CEO) and Ant Wilson (CTO) and has about 250,000 customers and 350 employees.
- AI-assisted coding tools (Anthropic’s Claude Code and OpenAI’s Codex) now account for the majority of databases on Supabase’s platform; Claude Code was the largest contributor in 2026.
- Supabase previewed a new tool called Multigres to help scale database workloads to very large sizes.
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Supabase Raises $500M Series F at $10B Valuation
Supabase, an open-source Postgres-based backend, has raised $150 million in a new funding round led by GIC, with participation from CapitalG, IronArc, and SquarePeg. This follows a $500 million Series F in June at a $10 billion pre-money valuation. The new round's valuation and the acquisition price for Turso, a SQLite-based database startup focused on AI agents, were undisclosed. Turso's founder, Glauber Costa, will join Supabase as Head of Agentic Services. The company reports over 13 million developers (up from nearly 10 million in June) and about 70% of new database creations are attributed to AI tools. Earlier this year, Supabase launched Multigres to simplify Postgres at scale.
OpenAI Raises $122B at $852B Valuation
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Baseten Nears $1.5B Round at $13B Valuation
TechCrunch reports that AI inference startup Baseten is reportedly close to finalizing a $1.5 billion funding round that would value the company at about $13 billion, according to the Wall Street Journal. Baseten raised a $300 million Series E at a $5 billion valuation five months earlier and a $150 million Series D nine months before that. The WSJ says the new round is structured as a split-priced round, with some investors buying in at $13 billion and others at $11 billion. Sources say the deal is co-led by Spark Capital, Sands Capital, Altimeter Capital and Wellington Management. Baseten, founded in 2019, focuses on routing inference requests to cost-effective models, including open-source alternatives.
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