Lovable valued at $6.6 billion in latest funding round as AI coding demand surges

Share via:



AI software development startup Lovable said on Thursday it raised $330 million in an early-stage funding round that values the Stockholm-based company at $6.6 billion.

Alphabet’s CapitalG and Menlo Ventures led the round, which nearly quadruples Lovable’s valuation in less than six months.

The deal also drew investment from Nvidia’s venture capital arm among others, underscoring investor demand for agentic AI tools that can handle complex software development work with minimal human input, as enterprises and hobbyists increasingly adopt AI-assisted…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Lovable valued at $6.6 billion in latest funding round as AI coding demand surges



AI software development startup Lovable said on Thursday it raised $330 million in an early-stage funding round that values the Stockholm-based company at $6.6 billion.

Alphabet’s CapitalG and Menlo Ventures led the round, which nearly quadruples Lovable’s valuation in less than six months.

The deal also drew investment from Nvidia’s venture capital arm among others, underscoring investor demand for agentic AI tools that can handle complex software development work with minimal human input, as enterprises and hobbyists increasingly adopt AI-assisted…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

IBM plans to skill 5 million Indians by 2030

IBM plans to train five million people across...

Apple TV’s next big psychological thriller gets a premiere...

Apple TV’s account on X confirmed today the...

Today’s NYT Connections Hints, Answers for Dec. 21 #924

Looking for the most recent Connections answers? Click here...

Popular