Supabase in Talks to Raise $500 Million at $10 Billion Valuation, Led by Singapore's GIC

Supabase, the open-source database startup built on PostgreSQL, is in discussions to raise approximately $500 million in a funding round that would value the company at around $10 billion, roughly double its valuation from October 2025, according to The Information. Singapore's sovereign wealth fund GIC is expected to lead the investment, according to people familiar with the matter. The deal has not been finalized and terms could change. Supabase has become one of the fastest-growing developer infrastructure platforms, offering a Firebase-like backend built on Postgres that includes authentication, storage, and real-time capabilities. The company's open-source model has attracted a large developer community and accelerated adoption among startups building AI-powered applications. The surge in AI application development has been a significant tailwind for Supabase. Developers building with large language model APIs frequently reach for Postgres-backed platforms for structured data storage, and Supabase has positioned itself as a natural fit for AI-native stacks alongside vector database use cases. At a $10 billion valuation, Supabase would rank among the most valuable developer infrastructure companies in the world. The company has previously raised money from investors including Coatue and Y Combinator. GIC has been an active investor in high-growth technology infrastructure businesses. The round, if completed, would provide Supabase with capital to expand its global data center footprint and enterprise sales motion.