Lovable, a Swedish vibe-coding startup, is in talks to lift $300 million at a valuation of $13.2 billion — precisely double the $6.6 billion valuation the corporate achieved final December, Sifted reported. Menlo Ventures, a agency that introduced its newest $3 billion fund final month, is anticipated to steer the spherical, based on the report.
The less-than-three-year-old startup hit $500 million in annualized income run price in June.
Lovable’s customers embody founders, particular person designers, and salespeople constructing web sites and e-commerce storefronts. The corporate additionally sells its vibe-coding software to giant enterprises, together with Workday, Asana, and Nvidia.
Vibe coding, which permits customers to construct software program just by describing it, is by far the most well-liked and profitable use case for AI. Different high-profile vibe-coding startups embody Replit, valued at $9 billion in March, and Manufacturing unit, a startup that helps enterprises develop AI brokers, which raised $150 million at a $1.5 billion valuation in April. In the meantime, Cursor, which affords vibe coding for builders, was acquired by SpaceX for $60 billion final month.
