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Supabase hits $5B valuation in fresh funding round
Supabase reached a $5B valuation in its latest funding, reinforcing demand for open-source developer and AI-integrated backend tools.
Open-source database platform Supabase secured new funding that values the company at $5 billion, according to Reuters. The financing underscores strong investor support for backend developer tools amid the AI-driven software boom. Supabase provides developers an alternative to Google Firebase, integrating AI-enabled APIs, real-time sync, and PostgreSQL support. The funds will expand its global infrastructure and developer ecosystem, marking a major milestone for open-source data platforms in enterprise adoption.