News Summary

Swedish AI startup Lovable, known for its ‘vibe-coding’ technology, is on the verge of raising over $150 million at a near $2 billion valuation. This substantial funding round is led by Accel, with participation from Creandum and 20VC, following a $15 million pre-Series A round earlier this year. Founded in 2023, Lovable has rapidly grown, achieving $50 million ARR in just six months with its platform that constructs web apps from text prompts. The company is also introducing a beta version of an AI agent for automated code editing and debugging, adopting a usage-based pricing model. Lovable’s innovative approach and swift success are drawing significant investor interest.