Everyone is making AI videos. Supabase just secured $500 million in funding, valuing the company at $10.5 billion. This investment was led by Singapore's GIC sovereign wealth fund. Supabase provides Postgres-based backend infrastructure, essential for developers crafting AI-powered tools. Demand is soaring, driving their 'phenomenal' growth. 

Why it matters? Investment in AI developer infrastructure is booming. Backend-as-a-service platforms like Supabase are crucial. Developers need robust tools to build the future of AI applications. This funding highlights the market's confidence in such platforms. 

With this $500 million boost, Supabase can expand its offerings, enhance its platform, and support more developers. The numbers speak volumes for the industry's direction. 

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