Supabase Raises $500M at $10.5B Valuation to Lead in Agentic AI Infrastructure

San Francisco — June 4, 2026 — Supabase, the open-source Postgres development platform, announced a $500 million Series F funding round at a post-money valuation of $10.5 billion. Led by GIC, the round included existing investors Accel, Y Combinator, Craft, Felicis, and Coatue, with Stripe and Salesforce Ventures also participating. This round comes just seven months after its Series E, bringing total funding to over $1 billion. CEO Paul Copplestone noted that the user base doubled since Series E, and database count grew 600% year-over-year. Claude Code has driven this growth, with most databases on the platform now deployed by agents. Supabase serves over 250,000 customers, acting as the primary backend for AI-native apps. Supabase also released a preview of 'Multigres', an open-source scale-out foundation for Postgres. It brings sharding, zero-downtime migration, and high availability to the Postgres ecosystem, helping growing companies scale without abandoning Postgres. The initial preview is available under the Apache 2.0 license.