Supabase, an open-source backend platform, has secured $500 million in Series F funding, valuing the company at $10.5 billion post-money. The round was led by GIC, with participation from existing investors like Accel, Y Combinator, and new backers including Stripe. This funding marks a significant milestone for Supabase as it continues to grow its offerings in the BaaS market. AI
IMPACT Accelerates development of open-source backend infrastructure, potentially lowering barriers for AI application deployment.
RANK_REASON Significant funding round for a prominent AI-adjacent company. [lever_c_demoted from significant: ic=1 ai=0.7]
AI-generated summary · Google Gemini · from 1 sources. How we write summaries →