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3h ago

Supabase Raises $100 Million at a $5 Billion Valuation

The open-source Postgres platform signals a push into data‑heavy enterprise workloads with new clustering leadership.

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Overview

  • The Series E round was led by Accel and Peak XV, with Figma Ventures and other investors participating.
  • The valuation jumps from a reported $2 billion after a Series D completed just months earlier, bringing total funding to more than $500 million.
  • Supabase hired Vitess co‑creator Sugu Sougoumarane to lead its database clustering effort for greater scale and reliability.
  • The platform serves more than four million developers and powers projects at firms such as PwC, McDonald's and Github Next, as well as tools like Lovable and Bolt.
  • The company set aside an allocation for community members to co‑invest, aligning with an open‑source model as AI‑focused venture activity accelerates, according to PitchBook data.