Lovable, a Swedish vibe-coding startup, is in talks to boost $300 million at a valuation of $13.2 billion — precisely double the $6.6 billion valuation the corporate achieved final December, Sifted reported. Menlo Ventures, a agency that introduced its newest $3 billion fund final month, is predicted to guide the spherical, in response to the report.
The less-than-three-year-old startup hit $500 million in annualized income run charge in June.
Lovable’s customers embody founders, particular person designers, and salespeople constructing web sites and e-commerce storefronts. The corporate additionally sells its vibe-coding instrument to massive enterprises, together with Workday, Asana, and Nvidia.
Vibe coding, which permits customers to construct software program just by describing it, is by far the preferred and profitable use case for AI. Different high-profile vibe-coding startups embody Replit, valued at $9 billion in March, and Manufacturing unit, a startup that helps enterprises develop AI brokers, which raised $150 million at a $1.5 billion valuation in April. In the meantime, Cursor, which provides vibe coding for builders, was acquired by SpaceX for $60 billion final month.
