Lovable, a Swedish AI startup specializing in 'vibe coding' for software development, is in discussions to raise over $100 million at a valuation of at least $1.5 billion.
The company's talks with U.S. investors are in the early stages, and the funding terms are subject to change.
Lovable has seen significant investor interest, with CEO Anton Osika stating that the firm doesn't need cash and the current landscape is favorable.
Using 'vibe coding,' a more intuitive approach to writing code with natural language, Lovable has achieved an annual recurring revenue of $61 million after launching its first product six months ago.