IBL News | New York
Supabase, an open-source platform used by vibe coders and general developers for managing Postgres databases, achieved a $2 billion valuation after raising $200 million in its Series D round.
This funding round was led by Accel, with contributions from Coatue, Y Combinator, Craft Ventures, Felicis, and angel investors, including Kevin Weil from OpenAI, Guillermo Rauch from Vercel, and Taylor Otwell from Laravel.
Founded in 2020, and currently used by two million developers who manage 3.5 million databases, Supabase [its team in the picture above] introduced itself as an alternative to Google’s Firebase.
Its sign-up rate has just doubled in the past three months due to the Vibe coding movement, with apps like Vercel, Bolt, Lovable, Cursor, and Replit, among others.
Guillermo Rauch, CEO at Vercel, who first invested in Supabase in 2021, sees Vibe coding as a key tailwind for the startup.
Vercel, last valued at $3.25 billion, is widely viewed as a leader in the vibe coding movement.
