Pinecone vs Supabase: Revenue, Profit and Business Model
Pinecone does not publish annual revenue. Supabase reported $170M of revenue in FY2026 and — of net income.
Latest financial snapshot
Financial summary
Pinecone
Pinecone is private and does not report revenue or profit. It has raised $138 million in total: a $10 million seed led by Wing Venture Capital (announced January 2021), a $28 million Series A led by Menlo Ventures (March 2022), and a $100 million Series B led by Andreessen Horowitz with ICONIQ Growth (April 2023) at a $750 million post-money valuation. No priced round has been announced since. Revenue figures circulating online are third-party estimates and are not confirmed by the company, so this profile does not list them.
Supabase
Supabase is private and does not publish financial statements. Its valuation climbed from about $2 billion (Series D, April 2025) to $5 billion (Series E, October 2025) and $10.5 billion post-money (Series F, June 2026), with total funding of roughly $1 billion. Research firm Sacra estimates ARR rose from about $101 million at the end of 2025 to $170 million in May 2026; the company has not confirmed these figures. Growth is driven by AI app builders: database launches grew 600% in the year to June 2026.
Revenue and profit by year
Pinecone
Pinecone does not publish annual revenue. What is known about its finances is in the summary above.
Full Pinecone financialsSupabase
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | $170M | — | 0.0% | +68.3% | Source |
| FY2025 | $101M | — | 0.0% | — | Source |
Business model and strategy
Pinecone
How it makes money
Pinecone makes money by selling cloud database capacity as a service. Customers pay by usage: storage plus read units and write units on the serverless database, with a free Starter tier, a Standard plan and an Enterprise plan that carry monthly minimum commitments. It also charges for hosted inference (embedding and reranking models), Pinecone Assistant and the Nexus knowledge engine.
Growth strategy
Under CEO Ash Ashutosh, Pinecone is shifting from developer self-service toward large enterprise production deployments. The plan has three parts: expand the serverless database (new regions, Bring Your Own Cloud, dedicated read capacity); add higher-level products (Pinecone Assistant, hosted embedding and reranking models, Nexus); and sell through cloud marketplaces and strategic partners.
Competitive advantage
Pinecone's edge is a fully managed, serverless architecture built only for retrieval. It separates storage from compute and reads from writes on object storage, so customers do not plan capacity.
Supabase
How it makes money
Supabase operates an open-core, product-led cloud SaaS and managed infrastructure subscription model built on PostgreSQL. While the core codebase is free and open-source, the company monetizes managed cloud hosting across tiered plans: a Free tier for developer prototyping; a Pro tier starting at $25/month per organization with included compute credits;
Growth strategy
Supabase grows bottom-up. A free tier and open-source code bring developers in, Launch Weeks keep it in the news, and paid plans plus usage fees capture revenue as apps scale. Since 2025 the biggest channel has been AI coding tools that provision Supabase automatically; the company says more than 60% of new databases now come from such tools.
Competitive advantage
Supabase's core competitive advantages include its uncompromising commitment to open-source PostgreSQL (zero proprietary database lock-in), native Row Level Security (RLS), instant PostgREST API generation, real-time Elixir/Phoenix WebSocket cluster, first-mover leadership in pgvector for AI applications, and notable open-source community goodwill.
Questions about Pinecone vs Supabase
Which company has higher revenue — Pinecone or Supabase?
Supabase reported $170.0M (FY2026). A verified revenue figure for Pinecone was not available at the time of this comparison.
What is the market cap of Pinecone vs Supabase?
Supabase has a market capitalisation of $10.5B. A public market cap figure for Pinecone was not available (it may be privately held).
Which is more financially efficient — Pinecone or Supabase?
Supabase generates $440k / employee in revenue per employee. A comparable figure for Pinecone requires matching employee and revenue data from the same reporting period.
How do Pinecone and Supabase make money?
Pinecone and Supabase generate revenue in fundamentally different ways. Pinecone: Pinecone makes money by selling cloud database capacity as a service. Supabase: Supabase operates an open-core, product-led cloud SaaS and managed infrastructure subscription model built on PostgreSQL.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Pinecone vs Supabase overview