Lovable, the Stockholm-based startup that lets people build working software just by describing what they want, raised $400 million at a $13.3 billion valuation — nearly double the $6.6 billion it was valued at this past December.
// WHY_IT_MATTERS
Users have already created more than 60 million projects on Lovable's platform, and investors are betting that AI-driven app creation keeps scaling well beyond hobbyists into real, revenue-generating software.
// WHAT_TO_WATCH
Lovable says it's tracking toward a $600 million annual revenue run rate by the end of August, up from $200 million — worth watching whether that growth holds.