"Swedish AI coding startup Lovable has just raised $330 million in Series B funding round at a $6.6 billion valuation, more than tripling its worth from just five months ago. The round was led by CapitalG and Menlo Ventures' Anthology fund, with participation from NVIDIA's venture arm NVentures, Salesforce Ventures, Databricks Ventures, and strategic investors including Atlassian Ventures and HubSpot Ventures."
""Our mission is to let anyone be a builder," Osika said. He predicted a world where every company can build its own bespoke software, rather than depending on expensive, and less customized products from major tech vendors. For instance, rather than purchasing different tools for customer relationship management, project tracking, or inventory management, Osika envisions companies using Lovable to simply build whatever they need on demand."
Lovable secured $330 million in a Series B at a $6.6 billion valuation, more than tripling its value in five months. The round was led by CapitalG and Menlo Ventures' Anthology, with participation from NVentures, Salesforce Ventures, Databricks Ventures, Atlassian Ventures, and HubSpot Ventures. The company recently reached $200 million in annual recurring revenue. Lovable promotes "vibe-coding," where users describe desired functionality in plain language and AI generates the code. The company aims to make software engineering accessible so organizations can build bespoke tools on demand, significantly accelerating prototype and delivery timelines for customers like Zendesk and McKinsey.
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