According to TechCrunch and CNBC, Supabase raised a $500 million Series F round at a $10.5 billion valuation, roughly doubling its valuation from October 2025. The round was led by GIC, with Stripe making a second investment and Salesforce Ventures joining for the first time.
The growth driver behind the surge is the AI coding boom. Supabase reports a 600% year-over-year increase in databases, with Claude Code identified as the largest contributor since the start of 2026. AI agents now deploy the majority of new databases on the platform. Total capital raised exceeds $1 billion.
Supabase also previewed Multigres, an open source horizontal scaling layer for Postgres that brings sharding and zero-downtime migrations to the ecosystem.