AI vibe coding startup Supabase, co-founded by Kiwi Paul Copplestone, raises US$500m at US$10b valuation
Supabase, an AI-powered database startup co-founded by New Zealand’s Paul Copplestone, secured a $500 million funding round at a $10 billion valuation, led by Singapore’s GIC and backed by Stripe, Salesforce, Accel, Y Combinator, and Coatue. The company’s growth is driven by demand for native AI coding tools, with enterprise clients including Netflix, Google, Microsoft, and Meta adopting its technology for production use.
Supabase, an AI-driven database startup co-founded by New Zealand entrepreneur Paul Copplestone, has raised $500 million in its latest funding round, achieving a $10 billion valuation. The round was led by Singapore’s sovereign wealth fund GIC, with participation from new investors Stripe and Salesforce, alongside existing backers Accel, Y Combinator, and Coatue. The funding follows rapid expansion, with Supabase now used by major firms like Netflix, LinkedIn, IBM, Google, Microsoft, HP, SAP, Shopify, Meta, and Salesforce for production workloads rather than just experimental projects. The company’s growth aligns with the rise of AI-native coding tools like Claude Code, which have shifted developer workflows. Copplestone and co-founder Wilson argue that every major software revolution—including AI—disrupts underlying infrastructure like databases, creating opportunities for new players. Investors agree, with Supabase’s valuation surging from $2 billion in 2025 to $10 billion following this round. Supabase’s journey began with a $150,000 pre-seed round in late 2020, followed by $6 million in seed funding the same year. Subsequent rounds included $30 million in 2021, $80 million in 2022, another $80 million in 2024, and $200 million in 2025. The latest funding marks its sixth major round, typically diluting founders’ stakes to 10-15 percent. Copplestone’s success places him among a group of New Zealand-born entrepreneurs leading AI and autonomous technology startups. Fellow Kiwi founders include Alex Kendall of Wayve (self-driving tech for Uber), Dave Ferguson of Nuro (autonomous vehicles), and Hamish McKenzie of Substack (AI-powered workflow tools). Others like Adrian Macneil (Foxglove), Harry Mellsop (Antioch), and Nic Lane (Flower Lab) have also raised significant funding, reflecting New Zealand’s growing influence in AI innovation. The funding underscores Supabase’s position as a key player in the AI infrastructure space, competing with established database providers like Oracle. Its technology is designed to integrate seamlessly with modern AI-driven development, addressing the needs of enterprises scaling AI applications.
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