Lovable hits $6.6 billion valuation as its CEO says it wants to be ‘the last piece of software’ companies ever buy

Swedish AI coding startup Lovable has just raised $330 million in Series B funding round at a $6.6 billion valuation, more than tripling its worth from just five months ago. CEO Anton Osika told Fortune the funding would further the company’s mission to become “the last piece of software” needed by companies and developers.

The round was led by CapitalG and Menlo Ventures’ Anthology fund, with participation from NVIDIA’s venture arm NVentures, Salesforce Ventures, Databricks Ventures, and strategic investors including Atlassian Ventures and HubSpot Ventures. It comes just one month after Lovable announced it had hit $200 million in annual recurring revenue.

The company has grand aims to make software engineering accessible to anyone by promoting “vibe-coding,” a process in which a user describes in plain language the product they want to build or the function of a piece of software they want to create, and AI writes the code to produce that result. 

“Our mission is to let anyone be a builder,” Osika said.

He predicted a world where every company can build its own bespoke software, rather than depending on expensive, and less customized products from major tech vendors. For instance, rather than purchasing different tools for customer relationship...