Software development platform Supabase announced it has secured a $100 million Series E funding round, which values the company at $5 billion. The financing was co-led by Accel and Peak XV. This raise follows a Series D round four months prior and brings the company’s total funding to over $500 million.
Supabase provides a Postgres development platform that has been adopted as a backend solution for development driven by artificial intelligence. The platform is used by more than 4 million developers and over 100,000 customers, including enterprises such as PwC, McDonald’s, and GitHub Next. When used in tandem with tools like Cursor and Claude Code, Supabase’s technology enables developers to quickly set up a backend that instantly updates using commands from AI.
The new capital will be used to serve data-intensive enterprises and speed up development on “Multigres,” a version of its platform intended for large-scale applications. Supabase also plans to reserve a portion of the Series E round to allow its community members to co-invest alongside institutional partners. To help lead the enterprise platform effort, the company hired Sugu Sougoumarane, co-creator of Vitess.
