Lovable is reportedly in talks to double its valuation to $13.2 billion

Lovable, a Swedish emotion coding startup, is in talks to raise $300 million at a valuation of $13.2 billion — exactly double the amount.$6.6 billion The evaluation achieved by the company last December, I mentioned a sieve. Menlo Ventures, the company that announced its latest product A $3 billion fund Last month, he is expected to lead the tour, according to the report.

The startup, which is only three years old, has achieved great success 500 million dollars in June’s annual revenue run rate.

Lovable users include founders, solo designers, and salespeople who build websites and e-commerce storefronts. The company also sells its dynamic coding tool to large enterprises, including Workday, Asana, and Nvidia.

Vibe coding, which allows users to build programs simply by describing them, is by far the most popular and lucrative use case for AI. Other high-profile startups in the space coding space include Replit, which is valued at 9 billion dollars In March, and Factory, a startup that helps companies develop AI agents Raised $150 million With a valuation of $1.5 billion in April. Meanwhile, SpaceX acquired Cursor, which offers great programming for developers 60 billion dollars last month.