Lovable Raises $400 Million to Expand AI Platform, Hiring Toward 450 Staff
Updated
Updated · Computerworld · Aug 13
Lovable Raises $400 Million to Expand AI Platform, Hiring Toward 450 Staff
3 articles · Updated · Computerworld · Aug 13
Summary
$400 million in Series C funding will let Lovable speed up product, infrastructure and team expansion as the Stockholm-based AI software platform pushes beyond its home market.
450 employees are now the target for this year, with hiring focused on machine learning, product, infrastructure and security, alongside planned expansion into London, Boston, San Francisco and New York.
13.3 billion dollars is Lovable's new valuation after the Menlo Ventures- and Scaleup Europe Fund-led round, which follows a $330 million Series B completed in December.
60 million projects have been built on Lovable since its November 2024 launch, and those apps now draw more than 900 million monthly visits; the company says nearly two-thirds of Fortune 500 firms use its platform.
Earlier this month, Lovable also partnered with Cerebras Systems to run latency-sensitive workloads on dedicated capacity, underscoring its push to make AI software creation faster at larger scale.