Supabase Secures $500M at $10.5B Valuation on June 4 as AI Coding Demand Surges

According to CNBC, Supabase, a Singapore-based startup providing Postgres-based back-end tools, raised $500 million at a $10.5 billion valuation on June 4, led by GIC. Other investors included Accel, Y Combinator, Craft, Felicis, Coatue, and Stripe. The valuation nearly doubled from the $5 billion pre-money valuation the company achieved in October 2025 with a $100 million round. CEO Paul Copplestone said AI coding tools such as Anthropic's Claude Code and OpenAI's Codex now account for most databases created on Supabase, with Claude Code being the largest contributor in 2026.
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