@FinanceYF5: Supabase took 5 years to grow its ARR from $1 million to $170 million, achieving a valuation of $10.5 billion. It went …

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Summary

Supabase grew its annual recurring revenue from $1 million to $170 million in five years, reaching a $10.5 billion valuation through phases as a side project, open-source moat, and AI-era backend infrastructure.

Supabase took 5 years to grow its ARR from $1 million to $170 million, achieving a valuation of $10.5 billion. It went through three phases: a side project, a seemingly boring moat, and backend infrastructure for the AI era. An open-source Firebase alternative grew into a $10 billion company just like that.
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