Founded in 2020 by CEO Paul Copplestone and CTO Ant Wilson, Supabase positions itself as an open-source alternative to Firebase built on PostgreSQL. The startup has gained traction amid rising interest in so-called “vibe coding” tools and AI-driven app development, and has raised about $380 million across three funding rounds since September 2024, lifting its valuation to $5 billion.
But there are plenty of wild cards ahead, as Ullrich and others are quick to acknowledge.
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