Lovable Raises $400 Million at $13.3 Billion Valuation

Lovable is a European artificial-intelligence startup whose platform lets users build software through natural-language prompts, tapping surging demand for tools that automate coding and application development. Its rapid expansion has made the company a closely watched test of whether Europe can produce AI businesses capable of competing with better-funded US rivals while supporting growing enterprise workloads.

The company raised $400 million in a Series C round led by Menlo Ventures and other investors, lifting its valuation to $13.3 billion. Lovable said its annualized revenue run rate exceeded $500 million in June. It has also introduced proprietary AI models to handle development demand and signed a multiyear agreement with Google Cloud to expand the computing infrastructure supporting its platform.