AI Coding Startup Lovable Hits 8 Million Users Despite 40% Traffic Drop, Eyes $5 Billion Valuation
Summary
Stockholm-based AI coding startup Lovable surges to nearly 8 million users and attracts Fortune 500 companies despite experiencing a 40% traffic drop since September, as the one-year-old company seeks a massive $5 billion valuation after previously raising $228 million.
Key Points
- Lovable, a Stockholm-based AI coding platform, reports approaching 8 million users and 100,000 new products built daily, representing massive growth from 2.3 million users in July for the year-old startup
- The company has raised $228 million in funding at a $1.8 billion valuation, with rumors of potential new investment at $5 billion, though traffic data shows a 40% decline since September raising sustainability questions
- More than half of Fortune 500 companies now use the platform that targets non-coders, while CEO Anton Osika focuses on hiring security engineers and expanding beyond the current 100-employee workforce