Just seven months after its previous round, Supabase has secured $200 million in Series D funding, catapulting the open-source backend platform to a $2 billion valuation.
The round was led by Accel, with participation from Coatue, Y Combinator, Craft Ventures, and longtime supporter Felicis, according to Fortune.
This latest raise brings Supabase’s total funding to nearly $400 million, marking a significant milestone for the startup as it rides the wave of two powerful trends: the commercial rise of open source and the emergence of “vibe coding”—a developer-first approach focused on rapid, intuitive, and creative app building.
What Supabase Does
Often described as the open-source alternative to Firebase, the company provides a developer-friendly stack built around PostgreSQL, one of the most trusted open-source databases. It bundles enterprise-grade tools for:
- Authentication
- Auto-generated APIs
- File storage
- Vector search (essential for AI apps)
This comprehensive toolset makes Supabase an ideal backend for both indie developers and enterprise teams building modern, scalable applications.
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A Backend Built for the AI Era
“It’s becoming the default backend for AI apps and a range of other applications,” said Aydin Senkut, managing partner at Felicis.
Supabase’s alignment with the AI boom is no accident. Its database stack is well-suited to power the next generation of AI-developed and AI-powered tools. With a community of over 1.7 million developers and 81K+ GitHub stars, it’s quickly becoming a go-to resource for builders who want to “build in a weekend, scale to millions.”
The platform is also popular among Y Combinator startups, with founder and CEO Paul Copplestone noting strong traction among both new and seasoned developers.
The Growth Story
Supabase has seen explosive growth, especially over the past two years. According to investors, its developer base is growing by thousands daily, driven by its ease of use, open-source transparency, and ability to scale without the overhead of legacy database systems.
Its pricing model is simple: hosting starts at $600/month, with custom pricing for enterprise users. For many, it’s a high-performance backend that avoids the complexity—and cost—of alternatives like Oracle or Microsoft SQL Server.
“We’re seeing the shift—developers want speed, flexibility, and control,” said Senkut. “Supabase delivers that.”
What’s Next?
With fresh capital, Supabase plans to:
- Expand its engineering and support teams
- Deepen enterprise capabilities
- Continue optimizing for AI-first development use cases
- Grow its global infrastructure footprint
While Supabase isn’t aiming to dethrone entrenched giants like Oracle, it’s already redefining what a modern backend looks like—one built by and for developers in the era of intelligent, automated applications.
