Supabase, a leading open-source database platform, has successfully raised $500 million in a Series F funding round, achieving a pre-money valuation of $10 billion. This marks a significant milestone for the company, which has doubled its valuation roughly every few months over the past two years. The platform has experienced phenomenal growth, with usage increasing by over 600% in the past year and its developer user base reaching nearly 10 million. CEO Paul Copplestone attributes this surge to the integration of AI tools, particularly Claude Code and Codex, which have broadened access for developers. Additionally, Supabase has launched a new tool called Multigres, aimed at simplifying the management of Postgres databases, which is crucial as applications scale. This funding round was led by GIC, with contributions from existing investors like Stripe and new entrants such as Georgian and Salesforce Ventures, reflecting strong confidence in Supabase's future prospects.