Key Takeaways
- Turso raised $150.0M (Series F) from GIC, CapitalG, IronArc, SquarePeg.
- Sector: Technology, Software & Gaming, Artificial Intelligence (AI).
- Geography: United States.
Analysis
- Supabase, an open-source Postgres platform, has secured $150 million in new funding, just four months after a previous Series F round.
- The company also announced the acquisition of database startup Turso, indicating a strategy to expand its offerings for AI-driven applications.
- A significant portion of new databases on Supabase are now being created by AI agents, highlighting the growing trend of AI in software development.
- The funding round was led by Singapore's sovereign wealth fund GIC, with participation from CapitalG and others, suggesting strong investor confidence in Supabase's growth trajectory.
- The acquisition of Turso, which specializes in a cloud platform for managing millions of SQLite databases, aims to address the scalability challenges of agent-built applications.