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Lovable Raises $400M Series C at $13.3B Valuation as AI App Building Scales
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Lovable has raised $400 million in Series C funding at a $13.3 billion valuation, marking another major milestone for the AI-powered software company as it scales its platform and expands the adoption of AI-assisted application development.
The funding comes less than two years after Lovable's platform went live, highlighting the speed at which AI-native software companies can build significant user adoption and commercial momentum.
From Early-Stage Idea to $600M ARR Run Rate
Lovable's growth has been particularly notable for its pace.
According to Antler, which has backed Lovable since its pre-seed round and participated again in the latest financing, the company has grown from an early-stage idea into a platform generating 900 million monthly app visits and reaching a $600 million annual recurring revenue run rate in under two years.
For early investors, the trajectory represents one of the more significant examples of how quickly AI-native software businesses can move from product concept to global scale.
AI Changes How Software Gets Built
Lovable operates in a rapidly developing category where AI is changing the traditional software development process.
Rather than requiring users to start with conventional programming workflows, AI-powered development platforms allow people to describe applications and functionality using natural language and then turn those instructions into working software.
This is expanding the potential audience for software creation while also changing how experienced developers and businesses approach prototyping, experimentation, and application development.
Lovable's growth suggests that demand is extending beyond experimentation and into sustained usage of AI-assisted software creation.
Investor Confidence in AI-Native Software
The Series C also reflects continued investor confidence in companies building products around AI-native workflows.
Antler's participation is particularly notable given its long-standing relationship with Lovable. The venture firm said it has been a shareholder since the company's pre-seed stage, before the platform was publicly live, and reinvested in the latest round.
The investment journey underscores the scale of Lovable's growth from its earliest stage to its current valuation.
Looking Ahead
With a $13.3 billion valuation, Lovable now enters its next phase with significant expectations around continued product expansion, enterprise adoption, and the broader evolution of AI-powered software development.
The company's trajectory also points to a larger shift in technology: AI is increasingly moving from being a feature inside software products to becoming a fundamental layer through which software itself is created.
Lovable's latest funding round puts it among the most closely watched companies in that transition.
About Lovable
Lovable is an AI-powered software development platform that enables users to create applications through natural-language interactions. The company is focused on making software creation more accessible while helping teams move from ideas to working applications faster.