On June 4, 2026, the open-source Postgres development platform Supabase announced a $500 million Series F at a $10.5 billion post-money valuation. The round was led by GIC, with all existing investors participating, including Accel, Y Combinator, Craft, Felicis, Peak XV, and Coatue. Stripe made its second investment in the company and Salesforce Ventures joined for the first time. The raise brought Supabase’s total capital to over $1 billion.
The funding was framed explicitly around AI agents. CEO Paul Copplestone said the user base had more than doubled since the company’s Series E and that databases on the platform had grown 600 percent year over year. He said Claude Code was the single largest contributor of new usage since the start of the year, and that agents were now deploying the majority of databases on the platform.
For a business reader, the round is a concrete signal of the “agentic infrastructure” trend: as AI coding agents build and ship software autonomously, they generate real demand for the backend services those applications run on. Supabase’s growth illustrates how AI adoption is reshaping demand patterns for the developer-tooling layer beneath the headline model labs.