In a rare lightning-fast rise, Swedish startup Lovable has hit unicorn status just eight months after launch. The startup secured $200 million in Series A funding, with Accel leading the round, bringing its valuation up to $1.8 billion. Lovable’s AI-driven platform helps people build apps and websites using plain language, and it’s clearly working — with over 2.3 million users and $75 million in annual recurring revenue already. What’s wild is they’ve done this with just 45 employees. While most users are non-coders, Lovable wants to become the go-to tool for building full-scale businesses. At this pace, that dream doesn’t seem far off.
Credit: TechCrunch
