Supabase reportedly seeks about $500 million to double valuation to $10B
Business
Supabase, a fast-growing database startup, is reportedly looking to raise about $500 million and double its valuation to about $10 billion.
The new round is expected to be led by Singapore's GIC, just months after Supabase was valued at $5 billion.
AI boom raises Supabase investor interest
Launched in 2020 by Paul Copplestone and Ant Wilson, Supabase helps developers build apps faster with its PostgreSQL-based backend platform.
Thanks to the AI coding boom, it's become a favorite among big-name investors like Accel and Y Combinator.
This fresh funding push shows how crucial Supabase has become in shaping the future of developer tools and tech innovation.