Swedish AI startup Lovable recently announced a successful $330 million Series B funding round. This news came just months after its Series A funding, and the company's valuation has surged to $6.6 billion, more than tripling since July of this year.

This round was led by CapitalG, a growth fund under Alphabet, and Menlo Ventures. Notably, the investment departments of Nvidia (NVentures), Salesforce Ventures, and T.Capital from Deutsche Telekom also participated. Lovable's core technology enables non-technical users to easily develop applications and build websites through text prompts. This simple development model is gaining significant market popularity.

Currently, the platform has attracted major companies such as Uber, Klarna, and Deutsche Telekom as key clients. For example, Uber reduced its design concept testing cycle from six weeks to just five days. Lovable revealed that over 100,000 new projects are being built on the platform daily, with the total number of created projects surpassing 25 million. The company plans to use this new funding to further strengthen integration with existing software tools and upgrade its underlying computing infrastructure.

Key points:

  • 🚀 Valuation triples within months: After the Series B funding, Lovable's valuation reached $6.6 billion, demonstrating the high market enthusiasm for the AI programming sector.

  • 🤝 Major capital joins in: Tech giants like Alphabet, Nvidia, and Salesforce have jointly invested, reflecting the recognition of the enterprise market towards the zero-code development trend.

  • 📈 Surprisingly fast commercialization: The company's annual recurring revenue (ARR) has exploded from $10 million a year ago to $200 million in November.