Supabase raises $500M Series F to power AI-first databases

Supabase announced on June 4, 2026 a $500 million Series F round at a $10.5 billion post‑money valuation, focused on scaling its Postgres‑based backend platform as AI agents drive usage. TechCrunch reported on June 5, 2026 that the round was led by Singapore’s GIC, with participation from Stripe, Georgian and Salesforce Ventures, and that more than 60% of new Supabase databases are now launched by AI tools like Claude Code and Codex. The raise roughly doubles the company’s valuation since October 2025.