AI Startup Lovable Secures $330 Million, Valuation Hits $6.6 Billion

Lovable, a groundbreaking AI startup, has recently secured $330 million in a Series B funding round, elevating its valuation to an impressive $6.6 billion. This substantial investment, led by prominent firms such as Google and CapitalG, reflects the company's rapid growth and innovative approach to software development.

Lovable's platform empowers individuals without coding expertise to create web applications using intuitive text prompts, effectively democratizing the coding process. In just eight months, the company has achieved an annual recurring revenue of $100 million, demonstrating its strong market demand.

With a customer base that includes major players like Klarna and Uber, Lovable is set to enhance its offerings and expand its features for enterprise solutions. CEO Anton Osika's vision of a global AI company from Sweden is becoming a reality, as Lovable continues to inspire a new generation of software builders in what it describes as the 'Age of the Builder.'