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Supabase Soars to $10B Valuation in Record Time

Is AI making developers happier, or just more numerous?

Supabase, the open-source database that developers love, has doubled its valuation to a whopping $10 billion within eight months. The company, which claims over 10 million users, cites the rise of AI tools like Claude Code and Codex for its explosive growth. With a new tool called Multigres, Supabase aims to make managing Postgres databases easier than ever.


The startup's rapid rise has caught many by surprise, especially considering it follows rounds of investments at increasingly high valuations. This latest influx of cash comes from major investors like GIC and existing backers Stripe, with new players Georgian and Salesforce Ventures also jumping aboard the Supabase train.


CEO Paul Copplestone credits the growth to AI tools expanding the developer base rather than catering to enterprise demands. His vision of keeping things simple for developers has paid off, making Supabase a standout in the crowded tech landscape.


The success of Supabase raises questions about how AI is transforming not just software development but also the dynamics between companies and their users. As more tools automate tasks, does this mean we're seeing a democratization of coding, or are developers becoming mere cogs in larger corporate machines?

Original source:  https://techcrunch.com/2026/06/05/supabase-doubles-valuation-to-10b-in-8-months/
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