Vibe Coding Drives Supabase to $200M Jackpot
Back in October of 2020, when open-source tool Supabase was founded, Paul Copplestone, the New Zealand-born CEO, could not have dreamed of the fortunate place it would find itself in, right within the sphere of the rage coding of the year 2025.
However, it all came to fruition last Tuesday, on which date the company announced a bumper Series D round of $200 million, a $2 billion post-money valuation, led by Accel, with Coatue, Y Combinator, Craft Ventures, and long-time investor Felicis chipping in, Fortune reported.
This new cash flow of $200 million comes after Supabase disclosed just seven months ago that it had raised $80 million with Peak XV (the Sequoia spinoff) and David Sacks’s Craft Ventures. Supabase would not comment on the possible valuation that time, but PitchBook guessed it around $900 million. All in all, so far, the startup is reported to have raised approximately $398 million.
Supabase is one instance of a commercially viable open-source project.
Supabase is an open-source Firebase. Firebase is the database AI app development platform owned by Google. It hosts apps for up to $600 a month, with more for enterprise users.
Supabase is an open-source combination of the SQL database Postgres and other open-source enterprise-grade tools to offer authentication, auto-generated APIs, file storage, and a toolkit for vectors (something many AI apps require).
It’s vibe database managing. It largely takes care of the troublesome parts of getting a SQL database set up as a component of the app development process. Thus, it became a popular backend for the vibe coding tools, the most successful among them being Lovable.
According to Copplestone, as Y Combinator alumni, Supabase is on the YC startup checklist. Lately, it is gaining more traction from independent and enterprise developers.
The company has experienced really “frenzy growth” especially in the last two years, says Aydin Senkut, managing partner with Felicis. “The biggest asset is the community of developers, which rocketed past 1 million and growing by thousands every day.”
Indeed, Supabase proudly attests to more than 1.7 million developers and boasts 81k+ stars in GitHub projects.
“It’s becoming at the very least the default back end for AI apps and myriad other categories of apps,” states Senkut.
Because it has built on top of Postgres, it has street cred with developers who want something that would support thousands to millions of users. Postgres has long been an open-source database the enterprise developers turn to when they do not require the superpowers-and-high-price-of-an-Oracle-or-Microsoft-database alternative.
So much so that Supabase has one of its marketing tags: “build in a weekend: scale to millions.”
Though nothing will seriously threaten Oracle any time soon — it has become as entrenched as it could get in the technology of the Fortune 1000 companies — the rise of Supabase would surely be interesting to watch.
The next generation of billion-user apps will be AI-designed, AI-enabled, and AI-managed.
For that, Supabase is already becoming one of the favored databases.
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