Supabase reached a $5 billion valuation by rejecting lucrative million-dollar deals. Here’s the reason behind their decision.
The Rise of Vibe Coding and Supabase’s Unique Approach
Vibe coding has rapidly gained momentum within the tech community, and it’s not only platforms like Lovables and Replit reaping the rewards. The companies providing the essential infrastructure behind these trends are also seeing significant financial success.
Supabase, an open-source database solution favored by many in the vibe-coding space, recently secured $100 million in funding, boosting its valuation to $5 billion—just months after raising $200 million at a $2 billion valuation. Interestingly, co-founder and CEO Paul Copplestone has chosen to decline lucrative enterprise deals from large, high-maintenance clients. Instead, he’s committed to following his own product vision, confident that the market will eventually align with his approach. So far, this strategy has proven effective.
On the latest episode of TechCrunch’s Equity podcast, Julie Bort interviews Copplestone to discuss Supabase’s ascent, its impact on the vibe-coding movement, and what this shift means for developers and the traditional database powerhouses that have long dominated the industry.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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