Observed Signal · Jun 5, 2026 · Funding · Source: techcrunch · Impact: 2/5 · Sentiment: Positive
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.
A large ($500M) late-stage funding round for a fast-growing B2B database provider signals continued investor interest in developer infrastructure and AI-driven tooling; the new product (Multigres) and rapid user growth matter to MarTech/AdTech infrastructure but are not industry-shifting.
Track Supabase Signals & Market Shifts in Real-Time
Polaris7 autonomous intelligence agents track regulatory filings, primary sources, executive changes, and deal flow 24/7. Create your free Explorer workspace to monitor these entities.
Key Takeaways & Evidence Grounding
- Supabase raised $150 million in a round led by GIC, with capitalG, IronArc, and SquarePeg participating.
- Supabase is acquiring Turso, a SQLite-based database startup for AI agents; Glauber Costa joins as Head of Agentic Services.
- Series F in June was $500 million at a $10 billion pre-money valuation (~$10.5 billion post-money).
- Developer count increased from nearly 10 million to over 13 million in a few months; ~70% of new databases are created by AI agents.
- Supabase launched Multigres, a tool to manage Postgres replicas, failovers, connections, and backups.
Connected Companies & Entities
13 Entities mapped“Supabase holt 150 Mio. Dollar und kauft Turso für KI-Agenten...”
“Angeführt wird die Runde vom Staatsfonds GIC aus Singapur...”
“dazu kommen CapitalG, der Wachstumsfonds der Google-Mutter Alphabet, sowie IronArc und SquarePeg...”
“CapitalG, der Wachstumsfonds der Google-Mutter Alphabet...”
“Der Datenanalyse-Konzern Databricks hat im Vorjahr den Postgres-Anbieter Neon übernommen...”
“Databricks acquired the Postgres provider Neon....”
“Many vibe-coding platforms, including Lovable, use Supabase as the back end....”
Ontology Mapping & Concepts
Related Market Signals & Shifts
Recent verified developments and strategic activity across this market segment.
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.
Developers Switch from Firebase to Supabase
A developer-published guide (originally on iloveblogs.blog, republished on dev.to) argues that many developers are migrating from Google’s Firebase to Supabase in 2026. The article lists four main drivers: unpredictable per-read Firestore pricing, NoSQL query limitations, vendor lock-in with Firebase, and better server-side/Next.js support from Supabase. It provides concrete migration steps including mapping Firestore collections to PostgreSQL tables, migrating Firebase Auth users to Supabase Auth, exporting data with scripts and pg_dump, updating application code to Supabase SDK calls, and replacing Firebase services with Supabase equivalents. The post includes SQL and TypeScript examples, a suggested two-week migration timeline for mid-sized apps, and claimed outcomes such as lower monthly costs (60–80% savings), improved developer velocity, and data portability because Supabase is open-source and self-hostable.
Sigma Raises $80M Series E at $3B Valuation
Sigma, a warehouse-native AI apps and analytics platform, closed an $80 million Series E round at a $3 billion valuation on May 18, 2026. The round was led by new investor Princeville Capital with participation from Databricks Ventures, ServiceNow Ventures, Workday Ventures and other existing backers; JP Morgan acted as placement agent. Sigma reported surpassing $200 million ARR (April 2026), 2,000+ customers, 100%+ year-over-year growth in the latest fiscal year and 1.1 million+ new active users. The company highlighted recent product innovations including Sigma Agents, Sigma Assistant, data-modeling integrations for AI agents, and the Sigma MCP Server to deliver governed AI capabilities connected to cloud data platforms.
Track Real-Time Market Signals & Shifts
Set up custom watchlists to receive automated, evidence-grounded executive digests whenever material signals or shifts occur across your tracked landscape.