Database startup Supabase seeks to double valuation to $10 billion: Report

Singapore sovereign wealth fund GIC is in talks to lead an investment in open-source database startup Supabase at a valuation of about $10 billion, The Information reported on ‌Thursday, citing ⁠people ⁠with direct knowledge of the talks.

Here are ​some details:

Supabase is seeking to raise about $500 ​million in the fundraising round, although the amount could change, the report added. Reuters could not ⁠independently verify ‌the report. Supabase and GIC ​did ​not immediately respond to ⁠requests for comment.