Supabase, an open-source Database-as-a-Service platform and an alternative to Google's Firebase, has raised $200 million in a Series D funding round, valuing the company at $2 billion. The platform serves over 2 million developers and supports the launch of more than 10,000 new databases daily. Supabase emphasizes its deep commitment to open source and the Postgres ecosystem, with every feature designed to meet developer needs. The company has seen strong backing from investors, including Coatue Management, which led its Seed and Series A rounds and continues to support its growth. Supabase is positioning itself as a leading platform for AI-driven applications and modern app development, with a user base that exceeds 1.8 million developers.