Supabase nabs $5B valuation, 4 months after hitting $2B

It’s been a whirlwind 12 months for the vibe-coding world’s database of alternative: Supabase. On Friday, Supabase introduced that it raised a contemporary $100 million Sequence E at a $5 billion valuation, led by Accel and Peak XV. That is simply 4 months after closing its $200 million Sequence D at a $2 billion valuation, led by Accel.

And that Sequence D was simply seven months after elevating an $80 million Sequence C led by Sequoia spinoff Peak XV and David Sacks’ Craft Ventures at an undisclosed valuation. PitchBook estimated Supabase was valued at round $765 million in that deal, post-money.

In order that’s $380 million raised in a 12 months and a greater than 500% valuation step up, assuming PitchBook’s estimates of the Sequence C valuation are within the ballpark. Supabase has now raised a complete of $500 million, it says.

Open supply database service Supabase was based in 2020 by CEO Paul Copplestone and CTO Ant Wilson (pictured above), a number of years earlier than the LLM-powered vibe-coding craze spawned. It was initially a Y Combinator startup that supplied builders a Postgres-based open supply different to Google’s Firebase. Firebase is a database that was additionally designed to energy AI apps.

Supabase combines Postgres with different enterprise-grade open supply instruments for options like authentication, auto-generated APIs, file storage, and a vector toolkit (crucial for a lot of AI apps). It simplified the troublesome elements of organising a database down to a couple button clicks. Consequently, it turned a well-liked again finish for vibe-coding instruments — which write apps with pure language prompts — like fast-growing Lovable and Bolt. It’s more and more used because the database of alternative for Figma and different uber common AI coding instruments like Replit, Cursor, and Claude Code, it says.

Apparently, as a result of Supabase is open supply and supported by a group of builders — claiming 4 million builders as customers — it’s permitting group members to additionally purchase inventory as a part of this Sequence E funding, the corporate mentioned.