AI Coding Startup Lovable Seeks $12 Billion Valuation as Revenue Surpasses $400 Million
Summary
Stockholm-based AI coding startup Lovable is seeking a staggering $12 billion valuation — nearly double its previous worth — after surpassing $400 million in annual recurring revenue and amassing 8 million users, including enterprise giants like Uber, Microsoft, and HubSpot, in less than two years.
Key Points
- Stockholm-based AI coding startup Lovable is in talks to raise funding at a $12 billion valuation, nearly doubling its previous $6.6 billion valuation from December 2025.
- The less than two-year-old startup has surpassed $400 million in annual recurring revenue and serves 8 million users, including enterprise clients like Uber, HubSpot, and Microsoft.
- Lovable competes in the booming AI coding space alongside rivals like Cursor, Replit, and Cognition, as demand for tools that let non-coders build apps through simple prompts continues to surge.