News Summary

Supabase, an open-source database platform, has achieved a valuation of $5 billion by strategically declining million-dollar enterprise contracts. Co-founder and CEO Paul Copplestone emphasizes a focus on their product vision rather than succumbing to demands from deep-pocketed customers. Supabase raised $100 million following a previous $200 million round, reflecting its significant growth and impact on the tech industry, particularly in the realm of vibe coding.