Diligence memo · auto-generated · as of July 2, 2026
Supabase, Inc.
Supabase, Inc. looks fair against its niche peers and is active on financing cadence.
Businessfiled
Supabase, Inc. operates in Other Technology, based in OCBC CENTRE, CA, USA; Remote. Build in a weekend. Scale to millions.
Sub-sector tags: Developer Tools, Open Source, Big Data, Data Engineering, Databases.
Capital & rounds (filed)filed
Supabase, Inc. has raised $523M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $202M on 2025-03-14.
Most recent recorded round closed around 2025-10-02.
Valuation (modeled)modeled
Provath models Supabase, Inc. at approximately $1.2B (range $795M–$1.4B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.15× the median modeled value of Series D+ Other Technology companies in 2025–2027 (60 peers) — value vs value, same stage and era. Within the normal band (115% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 9 months.
Last raise 9 mo ago; this sector typically re-raises about every 13 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 3.0× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 100% of Other Technology peers (21302 compared).
Modeled value ranks above 97% of those peers.
Closest niche peers: ServiceNow, Inc., Castelion Corp, Cryptyde, Inc., Niantic Spatial, Inc., Robin Motor Ltd.
Peoplefiled
6 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.