In 2020, when opening an open source database Supabase was establishedIt was not possible for the CEO of New Zealand, Paul Coplestone, that he would sit in the sweet place for the largest direction in 2025: vibrant coding.
But on Tuesday, the fruits of this became clear when The D 200 million series announced in post -money evaluation of $ 2 billion Under the leadership, with Coratue, Y Combinator and Craft Ventures, who has long been investing Velice’s participation in the tour.
This comes 200 million fresh dollars Just seven months after SuPabase announced that it raised 80 million dollars Under the peak XV (A Sequoia Spinoff) and David Sacks’ Craft projects. Supabase will not comment on the evaluation at the time, but Pitchbook put it at about $ 900 million. Finally, the startup now raised about $ 398 million.
Supabase is another example of how open source projects succeeded commercially.
It provides an open version of Firebase, the Google database development platform, and hosts applications For up to $ 600 a monthOr more for the institution’s users.
SUPASE combines an open source SQL database with open source tools at the level of other institutions for features such as authentication, automatically created application programming interface, file storage, and vectors ’tools set (necessary for many artificial intelligence applications).
Basically, the VIBE database management is similar, which reduces the annoying parts of obtaining a SQL database as part of the application’s development. Consequently, it has become the end of a popular background for the coding tools Like a rapidly growing beloved.
As a youth from Y Combinator, SUPASE became a tool to start YC, as he told Coplestone Techcrunch previously. But it really arrives with independent developers and institutions.
The company has obtained a “crazy growth”, especially in the past two years, said Felisis’s administrative partner, Idin Cinnokot, told Techcrunch. “Its largest assets are the community of developers, who traveled two million and grows in thousands every day.”
In fact, SuPabase is now more than 1.7 million developers and the project has more than 81,000 stars on GitHub as well.
“The default background of artificial intelligence applications has become countless of other categories of applications,” says Cincott.
Since it depends on postgres, SuPabase has a street balance with developers who need to support thousands of millions of users. Postgres has a long open source database for enterprise developers when they do not need great powers-high price-Oracle or microsoft data base.
Supabase goes to the point of getting a “Build in a Weekend: Scale to Millions”
Although anything will really not really threaten the current Oracle status – it is very included in the current current Fortune 1000 technology as possible – the SUPASE’s rise is interesting to see it.
The next crop of user user applications will be developed of artificial intelligence, and is managed by Amnesty International.
Supabase is already one of the transition databases for that.
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