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 guide the spherical, based on the report.
The less-than-three-year-old startup hit $500 million in annualized income run charge in June.
Lovable’s customers embrace 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 preferred and profitable use case for AI. Different high-profile vibe-coding startups embrace Replit, valued at $9 billion in March, and Manufacturing facility, 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 gives vibe coding for builders, was acquired by SpaceX for $60 billion final month.
