Lovable Reaches $13.3B Valuation After $400M Raise
Lovable, the AI startup focused on building web and mobile applications through conversational interfaces, has secured $400 million in fresh capital at a $13.3 billion valuation, according to sources familiar with the matter.
The funding round represents a significant jump for the company, which achieved $500 million in annualized run rate revenue as of June—a metric that underscores rapid adoption of its AI-assisted development platform. Lovable enables users to create applications by describing what they want in plain language, with the AI handling much of the implementation.
The new valuation places Lovable among the most valuable AI application companies globally, reflecting investor appetite for tools that streamline software development. The company joins a growing cohort of AI startups achieving unicorn-and-beyond status by targeting productivity gains for developers and non-technical users alike.