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What they do
Supabase has raised $150 million in funding, led by GIC with participation from CapitalG, IronArc, and SquarePeg. The funds will be used to accelerate product development around agent-driven databases and provide liquidity for employees.
Why it matters
Supabase offers an open-source Postgres development platform that simplifies backend infrastructure for developers, enabling them to provision and scale databases and backend services for applications. The recent acquisition of Turso enhances its capabilities to support AI-driven workloads, particularly for agent-driven database provisioning.
Traction
Supabase has seen explosive growth, adding over 1 million users and 4 million databases monthly, with approximately 70% of new databases being generated by AI agents. The platform now serves more than 13 million developers and has experienced a 600% year-over-year increase in database deployments.
Where the market is going
Supabase is positioning itself as a formidable competitor to established database providers like MongoDB and AWS Aurora by capitalizing on the shift towards AI-driven software development. The integration of Turso's technology allows Supabase to meet the increasing demand for scalable, agent-driven database solutions, effectively redefining backend infrastructure for modern applications.