Lovable reportedly in talks to double its valuation to $13.2B
The $300 million round is expected to be led by Menlo Ventures, Sifted reported.
Get smart on it
Lovable, a Swedish startup that uses vibe coding to help users build software by describing it, is reportedly in talks to raise $300 million at a $13.2 billion valuation, doubling its valuation from December. The less-than-three-year-old company reached $500 million in annualized revenue run rate in June and serves individual users building websites alongside large enterprises. Vibe coding is described as the most popular and lucrative use case for AI, with several other startups in the space achieving significant valuations and funding rounds. Menlo Ventures is expected to lead the funding round.
Related news
Elon Musk praises Mythos/Fable, promises not to ‘cut off’ Anthropic
Should Anthropic trust Elon Musk to host its models? With about $40 billion in revenue at stake, Musk insists that the company can.
Paris-based AI voice startup Gradium raises $100M seed, backed by Nvidia
The company is using the cash to open an office in the Bay Area and compete for talent there, "strengthening its position at the heart of the world's leading AI ecosystem."
