Supabase Takes $150 Million From GIC and Buys Turso, With No Valuation Given

Supabase announced $150 million in new funding led by GIC, Singapore's sovereign wealth fund, on Friday, October 2, and said in the same release that it is acquiring Turso, the company behind a Rust rewrite of SQLite. Neither the price of Turso nor the valuation of the round was disclosed, which leaves the headline number as the least useful figure in the announcement.

The Supabase press release names CapitalG, Alphabet's growth fund, plus IronArc and SquarePeg as participants. It describes the money as following a $500 million Series F from four months earlier. It does not say whether the Series F investors took part, and it does not name them.

What was announced, and what was closed

The round is announced as complete in the release, but no regulatory filing was available to confirm the amount as closed. SiliconANGLE reported that the proceeds go to employee liquidity and to new agent features, including a service called Supabase Compute for hosting long-running agents. Employee liquidity means some of the $150 million buys existing shares rather than funding growth, so the amount that reaches the balance sheet is smaller than $150 million by an undisclosed margin.

There is no post-money figure to divide. Without one, no revenue multiple can be computed, and Supabase has not published revenue. The usage numbers in the release are the only growth evidence offered.

Item	Disclosed	Figure
Round size	Yes	$150 million
Lead investor	Yes	GIC
Post-money valuation	No	n/a
Turso purchase price	No	n/a
New databases per month	Yes	4 million

The usage figures behind the round

The release says Supabase is adding more than 1 million users and 4 million databases every month, that 70% of new databases are created by agents or AI-driven tools, and that 13 million developers now use the platform. It also cites 600% year-over-year database growth reported in June.

Those are vendor-supplied counts, and a database is a cheap unit: an agent that spins one up for a prototype and abandons it counts the same as a production Postgres instance. The release does not give a count of paying projects.

Why Turso, and what changes for users

Turso's pitch, as Paul Copplestone, Supabase's co-founder and chief executive, described it in his blog post on the deal, is that "agents are spinning up millions of databases" for prototypes, dashboards and apps. Turso rebuilt SQLite in Rust and runs a cloud service that loads databases on demand and suspends idle ones, so millions can share one server.

That is a different cost shape from Postgres, where each project carries a running instance. The post says that for existing users "nothing changes": Supabase keeps building around Postgres and Turso keeps working on SQLite.

Glauber Costa, Turso's founder, becomes Supabase's Head of Agentic Services, and Pekka Enberg joins with the rest of the Turso team.

What it sits next to

The agent builders that Supabase hopes to host are a separate market with its own funding story: see our coverage of Cognition's valuation and of the Pi agent harness. Supabase is selling the storage layer under that kind of customer, not the agent itself.

The next observable test is Supabase Compute: the release gives no launch date or pricing, and the first published rate card will show whether per-agent databases are priced like files or like servers.