Home / Technology / AI Startup Lovable Valued at $13.3B
AI Startup Lovable Valued at $13.3B
12 Aug
Summary
- Lovable secured $400 million, reaching a $13.3 billion valuation.
- The AI platform allows software creation using natural language.
- Clients include Nvidia, Adidas, and Hearst.
Artificial-intelligence startup Lovable has achieved a $13.3 billion valuation following a $400 million funding round. The Stockholm-based company, founded in November 2024, offers an AI platform enabling users to generate software and web applications through natural language commands. This significant funding, co-led by Menlo Ventures and the Scaleup Europe Fund, more than doubles Lovable's previous valuation from December.
Lovable intends to allocate these fresh funds towards expansion, planning to increase its workforce by 50% to 450 employees across Europe and the U.S. The company also aims to strengthen its presence in regions like Latin America and enhance its platform's security and reliability. Prominent clients such as Nvidia, Adidas, Hearst, and Zendesk are already leveraging Lovable's technology for various business functions.
With a projected revenue run rate nearing $600 million by the end of August 2026, Lovable is prioritizing investment in product development and growth. While the company has been profitable, its current focus is on scaling operations and further innovating its AI-driven software creation tools.
