News Summary

Supabase, an open-source database startup founded in 2020 and headed by New Zealand-based CEO Paul Copplestone, has successfully raised $200 million in a Series D funding round at a $2 billion valuation, led by Accel with participation from Coatue, Y Combinator, Craft Ventures, and Felicis. This funding round comes just seven months after a previous $80 million raise, bringing the total funding to approximately $398 million. Supabase offers an open-source alternative to Google’s database platform Firebase and has become a popular tool for app developers, particularly those working with AI applications. With a rapidly growing community of over 1.7 million developers, Supabase is increasingly becoming the default backend for AI and other app categories, leveraging its foundation on the widely respected open-source SQL database Postgres.