Supabase raises $200M Series D at $2B valuation
(finance.yahoo.com)
34 points by baristaGeek 22 minutes ago
I'm sure that a lot of the l33t h4x0rs here think that Supabase sucks and is only for amateurs but I'll say that as a former engineer who's getting back into building fun side projects again, Supabase has been incredible and just what I wanted. It's my favorite new product that I've started using in the last year. I hope they build out an enormous TAM of people who don't want to live inside a terminal and make a ton of money.
by hackitup7 1 minute ago
That’s a lot of money.
What’s Supabase’s exit strategy? Are they sustainable long term as a standalone business?
You can also see how money is starting to chase “vibe coding” — as long as you say the magic words, even if your product is only tangentially related to it, you can get funding! by otterley 15 minutes ago
Reading the tea leaves, Series D means they opted for more funding vs IPO. They claim to have 2 million users, but they're open core so how many are paying? Maybe their books aren't looking that great. Wall street doesn't understand database vendors outside of "big data", so they're probably hoping for acquisition. Not sure who would buy them though, as PostgreSQL vendors are kind of a dime-a-dozen these days...
by candiddevmike 8 minutes ago
If lovable, bolt.new, etc kept integrating with them, that's a money maker without needing to do much sales. There's a wave of AI tools that require somehow save state and Supabase provides that. I'm absolutely amazed others haven't jumped in the same ship yet.
by clvx 0 minutes ago
> Are they sustainable long term as a standalone business?
It's bananas to me that questions like these could be unanswered even 5 years after the business started. This possibly cannot be the most efficient way for finding new solutions and "disrupting" stale industries? by diggan 6 minutes ago
> It's bananas to me that questions like these could be unanswered even 5 years after the business started.
Those are rookie numbers, Discord is coming up on 10 years old and supposedly considering an IPO with zero dollars in profit to date. by jsheard 4 minutes ago
What an absolute joke. Their exit strategy is presumably to keep chasing the high and find more ways to integrate AI. The era of building good software for fun and profit is coming to an end.
by lionkor 5 minutes ago
They are definitely creating some value. Managed database.
by returnInfinity 5 minutes ago
Acquisition. All of these VC companies raise unsustainable levels of money in hopes of acquisition or IPO. Supabase seems to be leaning towards acquisition.
by 9283409232 5 minutes ago
> What’s Supabase’s exit strategy? Are they sustainable long term as a standalone business?
Acquisition best case, Private Equity worst case.
Do you see Supabase going public on the stock market? Perhaps unless they do what Cloudflare done and are replicating AWS, it may be hard to see a stock market debut.
Could be wrong though. by colesantiago 7 minutes ago
Supabase is basically AWS Postgres under the hood. It's popular amongst hobbyists and small teams but I'm not sure whether any large teams actively use it. Once you're past the point of serious business, it's much more cost effective to host everything by yourself.
by fakedang 1 minute ago
Raising a very late funding stage in the private market to avoid an IPO in the violent public market I presume? I’m guessing this is the new startup norm for a while, along with preserving burn or exiting at a big discount if not just dying
Nevertheless congrats to the Supabase team! by jameslk 2 minutes ago
Is the new valuation multiplier number of developers on platform instead of revenue? Valuing at $1000/developer is kind of insane. Valuing at $570/database is also nuts. It's a cool product but I hope the founders can find a win in what must be a pretty cramped cap table.
by film42 9 minutes ago
Their series C was in September 2024!
by candiddevmike 4 minutes ago
Why do they bring up vibe coding here. They are just a firebase alternative and Google has way superior ai code gen tools
by Mortiffer 7 minutes ago
My guess is that they got that insane overvaluation because they sold themselves as an AI company
by lionkor 4 minutes ago
Congrats to Anthony and the team! What an amazing milestone.
by janosch_123 5 minutes ago
I always felt like they’re the database dogman would use.
by zhoujianfu 14 minutes ago
Reminder: it's still just Postgres with good docs and better vibes. And that's exactly what devs want.
by enescakir 4 minutes ago
What the fuck is vibe coding and why am I seeing it everywhere now?
by 9283409232 4 minutes ago
It's when an unskilled laborer sits down and asks the AI to write code, but as a business model.
by lionkor 3 minutes ago
> The startup supports Postgres, the most popular developer database system that’s an alternative to Google’s Firebase. Supabase’s goal: To be a one-stop backend for developers and "vibe coders." by zefhous 5 minutes ago