Lovable aims for a record valuation of $13.2 billion
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Lovable Aims for a Record Valuation of $13.2 Billion
Swedish startup Lovable, a pioneer in the field of vibe-coding, is currently in discussions to raise $300 million. This operation would bring its valuation to $13.2 billion, doubling its previous value of $6.6 billion reached last December, according to a report from Sifted.
Menlo Ventures, which recently announced a $3 billion fund, is expected to lead this funding round. Lovable, although young with less than three years of existence, has already achieved an annualized revenue of $500 million as of June.
Lovable's products attract a diverse clientele, including founders, independent designers, and sales professionals, who use its tools to create websites and e-commerce showcases. The company has also won over major corporations like Workday, Asana, and Nvidia, which utilize its vibe-coding tool.
Vibe-coding allows users to develop software by simply describing it, making it one of the most lucrative applications of artificial intelligence. Other notable players in this field include Replit, which was valued at $9 billion in March, and Factory, which raised $150 million for a valuation of $1.5 billion in April. Additionally, Cursor, another vibe-coding company, was recently acquired by SpaceX for $60 billion.
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