Supabase’s $10.5 Billion Valuation: The Rise of Vibe Coding

AI ‘vibe coding’ startup co-founded by a Kiwi raises $837m

Supabase, an AI-driven development platform co-founded by a New Zealand entrepreneur, secured $837 million in funding, propelling its valuation to $10.5 billion. The round highlights growing investor confidence in AI-assisted software development tools, as enterprises seek scalable, open-source solutions to accelerate product cycles.

The Funding Surge and Market Positioning

The $837 million raise, disclosed in a NZ Herald report, underscores the startup’s rapid adoption in enterprise software stacks. The funding follows a $1 billion valuation milestone, as per CNBC’s analysis, positioning it as a key player in the AI-assisted development sector.

Supabase’s growth aligns with a broader shift toward open-source infrastructure, as enterprises prioritize flexibility over proprietary systems. The startup’s ability to integrate AI-driven code generation with PostgreSQL databases has attracted attention from developers and investors alike, according to