Supabase has raised a $500M Series F at a $10B pre-money valuation. It’s led by GIC. All existing investors joined the round, Stripe made a second investment, and Salesforce Ventures joined as a new investor.
The round is for three things:
- Accelerate development of open source / Postgres tools.
- To support our growth.
- Liquidity for the employees.
Open source development#
Today we're releasing Multigres v0.1 alpha. It’s open source and self-hostable.
Postgres is hard to run at scale. Multigres is a scalable operating system for Postgres that provides high availability and operational simplicity. In a future release it will provide Vitess-grade horizontal scaling.
The alpha status is to signal that it’s ready to try, but not yet production-ready. We’ll get there in a few months. If you’re running a large Postgres workload you can apply to be a Multigres partner and help shape the direction of Multigres.
Multigres will be available on the platform when it moves out of alpha. Together with our work on OrioleDB (targeting production-readiness this year), we believe that we will have a complete Postgres solution that solves many hairy Postgres problems, including bloat, connection pooling, and Jepsen-level high availability. Sharding is also on the menu - we'll share more details later.
Supabase growth#
In the past year, database launches on Supabase have grown 600%. More than 60% of new databases are launched by some sort of AI tool.
Nearly 10 million developers build on Supabase today, more than doubling since our last fundraising announcement eight months ago. Growth is accelerating since January as Claude Code and Codex expand the number of people who can build.
A lot of our growth is also thanks to our partners, platforms that build on top of Supabase. Supabase for Platforms has been the fastest growing product over the last year.
Managing infrastructure at our scale brings a unique set of challenges. We’re using this funding to invest in the not-so-visible platform features: performance, reliability, and support teams to help our customers. Postgres can be hard to manage, even for experienced DBAs, and we're investing in tooling that helps builders run their databases autonomously.
Employee secondaries#
Supabase has employees in over 50 countries now. We are always looking for the “best person for the job”, no matter where they live. We don’t do geo-adjusted salaries - people get paid for the result of their work, not the city they live in.
We approach stock options with a similar mindset. Employees have 10 years to exercise, even if they decide to leave. In every round, we offer our employees to sell up to 25% of their vested stock. This provides liquidity long before we reach the public market.
Check out our careers page if you’d like to join our global remote and async team.
To the community#
I work at Supabase because we’re open source. Building for a community of builders is the thing I care most about. One of Supabase’s principles is to support existing tools, working collaboratively with the open source community.
Thank you to everyone who has helped along the way, especially those who have contributed directly or indirectly to the tools that make up the Supabase ecosystem.