Stockholm-based “intuitive programming” startup Lovable is raising funding at a valuation of around $6 billion, according to four sources familiar with the funding. Sources warned that the situation is fluid and the numbers could change.
Lovable declined to comment.
The round would more than triple the value of the company, which was valued at $1.8 billion in July, following a $200 million Series A round led by Accel. Lovable is one of the new startups driving the rise of “intuitive programming,” where programmers, or even hobbyists, take cues from AI models to not just write lines of code, but also create entire apps or websites.
In June, Lovable became the fastest-growing software startup in history, reaching $100 million in subscription revenue (annualized) in just eight months since launching last November, eclipsing other fast-growing companies like Israeli cloud security startup Wiz and San Francisco-based HR platform Deel (which reached the same milestone in 18 months and just under two years, respectively).
Lovable founder Anton Osika said earlier this week that it had 8 million active users on its platform, up from 2.3 million users in July
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Investors have doubled and now tripled their bets in this sector, with coding tool Cursor, aimed primarily at professional programmers, raising $2.3 billion at a $30 billion valuation. The San Francisco-based company was valued at $2.5 billion in January in a $100 million funding round led by Andreessen Horowitz and Thrive Capital.
The rise in Cursor’s valuation, which has made its four co-founders billionaires, comes as its annualized revenue has soared to more than $1 billion. This makes Cursor the largest company by both revenue and valuation in the visual coding sector, but there is a growing group of rivals such as Lovable, Replit, Bolt and Cognition
Lovable and its vibrational coding rivals harness the code-writing power of AI models from companies like Anthropic and OpenAI. But increasingly, these startups are facing competition from the companies that power them, as this year both Anthropic and OpenAI launched their own coding tools. Google paid $2.4 billion in July to hire the founders of another vibrational coding tool, Windsurf, after an acquisition bid from OpenAI failed (and the rest of the company was later acquired by Cognition).
Rashi Shrivastava contributed to this report.
This article was originally published by Forbes US
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