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Supabase , the open germ developer program and Postgres database service that started out as an option to Google ’s Firebase , on Wednesday announced that it has farm an $ 80 million Series C round guide by Peak XV and Craft Ventures .
With this , Supabase has now raised a amount of $ 196 million , admit a Series B round in 2022 , which was also an $ 80 million rung . And while Supabase co - founder and CEOPaul Copplestonedidn’t break the new valuation in an single audience with TechCrunch ahead of Wednesday ’s declaration , he did stress that it was an up cycle . He also observe that the company only of late begin sink into its militia from the Series B.
As with so many database services these days , it ’s the AI boom that is driving a lot of need for Supabase as well . For Postgres , that mean plunk for the pgvector elongation , something the company offer very early on on . “ Not many cloud providers had pgvector , so we were the first to offer it [ … ] . Then AWS make out , and we put to work quite closely with AWS to promote employment throughout the industry , ” Copplestone explained . presently , he approximate , about 10 % of active databases on the service power AI use grammatical case .
Another usage stat that has held reliable for a while is that 40 % of inauguration in the late Y Combinator class expend Supabase , but the companionship is also increasingly making inroad with enterprises , often to power some of their more observational applications . GitHub Next , for example , employ the service of process , as well as developer at company like Meta , Netflix , and Microsoft .
Supabase actually held off on call its service “ generally usable ” untilearlier this yearbecause the team wanted to verify that it could support enterprises and extend the robust service they ’d necessitate .
Copplestone also noted that in the company ’s early days , most pundits looked at the company as an loose source alternative to Google ’s Firebase . The fact that the company was using Postgres was lower-ranking at the metre . But over the years , Supabase has positioned itself more clearly as a Postgres weapons platform — and whether planned or by luck , Postgres continues to produce in popularity while there has n’t been much plug around Firebase for a while now .
“ We ’ve kind of won on two factor : People assume us because we ’re comfortable to use , like Firebase , and people espouse us because we ’re Postgres , and Postgres is pop to use . Combine those two , and you ’ve got the easiest Postgres offering , ” Copplestone said .
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He also stressed that the company ’s hallmark product is very popular . For some company , it ’s actually the first Supabase product they use because while Supabase offers a total of six products ( Database , Storage , Authentication , Edge Functions , Vector , and Realtime ) , they can all be used as standalone product .
In accession to lead investor Peak and Craft , Avra Capital , the new store of former YC Growth Fund Director Anu Hariharan , participated in this round of golf , as well as late investors Coatue , Felicis , and Y Combinator .
“ Supabase is redefining database direction with its unfastened - source , wield Postgres platform , and with over 900,000 signboard - ups in four years , it ’s see unprecedented organic acceptance among developer , ” Hariharan said . “ We ’re activated to see the solvent of Supabase ’s Vercel marketplace partnership . We believe that for companies seek a robust , developer - friendly solution , Supabase ’s Postgres chopine is rapidly becoming the preferred choice . ”
