Swedish AI coding startup Lovable has raised a major funding round that values the company at six point six billion dollars. The investment round was led by CapitalG, the venture capital arm of Google, and Menlo Ventures with participation from Nvidia’s NVentures, Salesforce Ventures, and Databricks Ventures. This new valuation represents a significant increase from the company’s previous funding round earlier this year.
Founded in Stockholm in 2023 by Anton Osika and Fabian Hedin, Lovable aims to make software development accessible to everyone by allowing users to build applications using natural language prompts. The platform combines artificial intelligence with automated full stack generation to enable users without coding experience to create functional apps and websites. The company has seen rapid adoption with hundreds of thousands of new projects built on the platform daily.
The backing from major venture arms highlights investor confidence in AI driven development tools. These investors bring not only capital but also expertise in cloud infrastructure, machine learning, and developer ecosystems, which could accelerate Lovable’s growth and product development. The surge in valuation reflects the broader interest in AI assisted software creation and positions Lovable as a leading player in the emerging field of vibe coding.
0 Comments