Supabase Raises $500M at $10.5B Valuation — Open-Source Backend Doubles Down on AI App Builders

Crunchbase News·low signal

Supabase, the open-source developer platform widely used by AI app builders, closed $500 million led by GIC at a $10.5 billion valuation. The raise highlights how AI-native app development is driving valuations of the data/backend infrastructure layer, not just model labs.