Supabase's valuation is really impressive, the Postgres ecosystem is becoming more attractive, and AI building databases with 60% new databases—this data is quite revealing.

Supabase completes a $500 million Series F funding round led by GIC, with a valuation of $10.5 billion, and participation from Stripe and others. The funds will be used to accelerate the development of open-source Postgres tools, such as Multigres, providing sharding, seamless migration, and advanced connection pooling. There are currently nearly 10 million developers; database deployments have increased by 600% year-over-year, and 60% of new databases are created by AI. Employee stock options can still be sold in a no-cash transaction, up to 25%, with a 10-year exercise period.