Open-source database platform Supabase announced the completion of a $500 million Series F funding round, valuing the company at $10 billion pre-money and approximately $10.5 billion post-money. The company attributes this expansion to increased development demand driven by AI programming tools.

AI programming drives user growth

Supabase reports that platform usage has grown by over 600% in the past year. The company states that over 60% of newly created databases are initiated by some form of AI tool, demonstrating that automated development is significantly driving up the demand for database deployments.

In a blog post, CEO and co-founder Paul Copplestone mentioned that Claude Code and Codex have expanded the pool of people who can participate in development, which is one of the reasons for the accelerated user growth. The company currently claims to have nearly 10 million developer users, a number that has doubled in eight months.

Valuation rises to $10 billion in 8 months

This funding round comes not long after the last one. Supabase raised $100 million in October 2025, at a valuation of $5 billion; a few months prior, the company raised $200 million at a valuation of $2 billion.

• This round of financing raised $500 million.
• The pre-money valuation was $10 billion.
• The post-funding valuation is approximately $10.5 billion.

Multigres launched simultaneously

This week, the company also launched a new tool called Multigres, positioning it as an "operating system" for Postgres. This product is primarily designed to simplify operations and maintenance when running Postgres at scale.

According to the company, Multigres can centrally handle tasks such as read-only replicas, failover, connection limiting, and backups, helping developers manage database infrastructure in a unified manner.

This funding round was led by GIC, with existing investor Stripe continuing to participate, and Georgian and Salesforce Ventures also joining the investment.