AI Coding Startup Lovable In Talks To Raise Funding At A $12 Billion Valuation

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Lovable, an AI coding startup less than two years old, is in talks to raise funding at a $12 billion valuation, nearly double its previous valuation. The company has already crossed $400 million in annual recurring revenue this year, making it one of the fastest-growing startups in the generative AI boom. The new round would reflect investor confidence in Lovable's ability to automate software development, a crowded but lucrative market where multiple competitors are vying for dominance.