This week in COSS: Supabase raised a $500M Series F at a $10B valuation led by GIC, DeepSeek is set to raise $7.4B in its first funding round from investors including Tencent and CATL, and Martin Scorsese (yes, *that* Martin Scorsese) signed on as partner and adviser to AI image-generation startup Black Forest Labs. Other highlights include the Fivetran and dbt Labs merger completion, Neo4j’s acquisition of GraphAware, Harness acquiring Codecov from Sentry, and funding chatter for Baseten ($1B at $11B valuation), Socket ($60M Series C), Zyphra ($500M), and Chai Discovery ($400M).

We also feature the following companies in Cossmology: SpectorOps, Tremor, Cua, Tyk, dstack, Maxim AI, Malak, Scira, Plunk, and Stella.