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Lovable's AI Coding Tool Skyrockets Valuation
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Lovable, the Swedish startup behind vibe coding tools, has experienced a meteoric rise, tripling its valuation in just five months. Securing $330 million in Series B funding, the company is now valued at $6.6 billion, with major investors like CapitalG and Menlo Ventures. This rapid growth follows a $200 million Series A round earlier this year. Lovables AI-powered platform, enabling code generation with simple text prompts, has attracted big names like Klarna, Uber, and Zendesk. The company plans to use the new funding for deeper integrations, expanded features, and infrastructure development. Despite Silicon Valley pressure, Lovables CEO, Anton Osika, has kept the company in Sweden, showcasing the potential of innovative technology to capture market attention and attract significant investment.
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