Supabase Skyrockets to $5B Valuation, Four Months After $2B

Supabase has successfully secured an impressive $380 million in funding over the past year, propelling its valuation upwards by more than 500%, according to PitchBook's estimates for its Series C valuation. The open-source database service now confirms a total of $500 million raised since its inception.

Established in 2020 by CEO Paul Copplestone and CTO Ant Wilson, Supabase emerged as a Y Combinator startup several years before the LLM-powered 'vibe-coding' craze took hold. Its core offering provides developers with an open-source, Postgres-based alternative to Google's Firebase, a database also designed to power AI applications.

Notably, leveraging its open-source nature and a robust community of 4 million developers, Supabase is extending an opportunity for its community members to acquire company stock as part of this latest Series E funding round.