Supabase, a New Zealand-based open-source database, has announced a $200 million Series D funding round at a $2 billion post-money valuation. This significant investment comes just seven months after the company raised $80 million, indicating its rapid growth and adoption in the market. Supabase offers an open-source version of Firebase, Google’s database AI app development platform, and has become a popular choice among developers, with over 1.7 million users and 81,000 stars on GitHub.
Forecast for 6 months: Supabase will continue to gain traction among developers, with a significant increase in adoption rates, potentially reaching 2 million users by the end of the year.
Forecast for 1 year: Supabase will solidify its position as a leading open-source database, with a valuation exceeding $3 billion, and will expand its offerings to include more advanced features and integrations.
Forecast for 5 years: Supabase will become a dominant player in the database management market, with a valuation exceeding $10 billion, and will have disrupted the traditional database market, forcing established players to adapt to the changing landscape.
Forecast for 10 years: Supabase will have transformed the way developers build and manage applications, with a focus on open-source and community-driven development, and will have become a household name in the tech industry.
