Exclusive: Supabase raises $100 million at $5 billion valuation as vibe coding soars

Core Insights - The vibe coding movement has evolved through multiple waves, with the current phase focusing on mobile app development and seamless transitions between devices [2] - Supabase, an open-source application development platform, has seen significant growth, increasing its user base from 1 million to over 4 million developers in the past year, with AI builders making up about 30% of new signups [2][3] - Supabase recently raised $100 million in Series E funding, achieving a valuation of $5 billion, bringing total funding to $500 million since its inception in 2020 [3][4] Company Developments - Supabase's Series E funding round was primarily restricted to existing investors, with Figma being the only new institutional investor [4] - The company aims for a future valuation of $50 billion to $100 billion, emphasizing the importance of existing investors in achieving this goal [5] - Supabase's CEO believes that while coding may become easier, there will still be a strong interest in coding and development, leading to a potential increase in the number of people wanting to build applications [5]