Swedish AI Startup Lovable Triples Valuation to $6.6 Billion in New Funding Round
Summary
Swedish AI startup Lovable skyrockets to a $6.6 billion valuation, tripling from $1.8 billion in July, as U.S. venture firms Accel and Khosla Ventures back the coding platform that generates $200 million annually and processes 100,000 daily projects.
Key Points
- Swedish AI startup Lovable secures funding round valuing the company at $6.6 billion, more than tripling its $1.8 billion valuation from July
- U.S. venture capital firms Accel and Khosla Ventures participate in the funding round for the vibe coding platform
- Lovable reports $200 million in annual recurring revenue and processes 100,000 daily projects on its AI-powered app and website building platform