""So, wave one of vibe coding was like, 'You'll never need more software,'" said Copplestone, CEO and cofounder of Supabase, an open source application development platform. "Wave two is, 'Oh, you'll never need to write code again.'... And then wave three, which we're in now, is where these ideas converge-there's a nice happy path for anyone who's on their mobile, looking to build an app. They start on mobile, kick it across to their laptop, and then it scales out.""
""Now, about five months later, Supabase has raised a $100 million Series E at a $5 billion valuation. Accel and Peak XV led the round, with Figma Ventures joining the round along with other existing investors. (Supabase declined to disclose current revenue figures.) Supabase-which has now raised $500 million since its 2020 founding-also included an opportunity for the startup's developer community to co-invest in the round as part of a "build-together, owned-together mentality," Copplestone said.""
Vibe coding progressed through three waves: belief that no more software would be needed, a push toward no-code, and a convergence enabling a mobile-to-laptop development workflow that scales. Supabase grew from one million to over four million developers in a year, with about 30% of signups from AI builders. Supabase runs on Postgres and provides backend infrastructure for AI and no-code platforms including Bolt, Lovable, and Figma Make. Funding moved from a $200 million Series D at a $2 billion valuation to a $100 million Series E at $5 billion, bringing total funding since 2020 to $500 million and including a developer co-invest option.
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