Swedish AI startup Lovable has raised $330 million in Series B funding, valuing it at $6.6 billion, with the goal of becoming the essential software layer for companies by enabling 'vibe-coding,' where AI writes code based on plain language descriptions, aiming to democratize software creation and streamline enterprise workflows.
Lovable, an AI software startup based in Stockholm, raised $330 million in a funding round that valued it at $6.6 billion, driven by surging demand for AI-assisted coding tools and 'vibe coding' applications, with major investors including Alphabet's CapitalG and Nvidia's venture arm, as the company expands its features and infrastructure.
Swedish startup Lovable, known for its AI-driven website and app builder, has reached over $100 million in annual recurring revenue within just eight months of launch, driven by a growing user base and subscription model, despite some revenue fluctuations and strategic changes like introducing a new Business tier to attract larger enterprise clients.
Swedish AI startup Lovable has become the fastest-growing software company in history, reaching $100 million in annualized revenue in just eight months by enabling non-coders to create functional websites and apps using AI, disrupting traditional coding and attracting global entrepreneurs and companies.