Amid the growing momentum in the AI programming field, Swedish startup Lovable is at the center of a new round of funding. According to the latest industry news, the company is planning to raise $3 billion, and if the fundraising is successful, its valuation will reach $13.2 billion, doubling its valuation of $6.6 billion from December last year. It is reported that this round of funding is expected to be led by Menlo Ventures.

The reason Lovable has become a favorite among investors lies in its flagship "vibe coding" technology. This technology greatly lowers the barrier to software development, allowing users to build applications automatically without mastering complex programming languages. They just need to describe their needs through natural language, and the system will create the application automatically. This efficient and intuitive development model has attracted a large number of individual developers, designers, and small businesses, and has successfully entered the enterprise service markets of industry giants such as Workday, Asana, and Nvidia.

Lovable, which was founded less than three years ago, has made rapid progress in commercialization. Public data shows that as of June this year, the company's annual recurring revenue (ARR) has reached $500 million.

In fact, Lovable's rapid rise is just a microcosm of the current AI software development sector. With "vibe coding" becoming one of the most commercially promising scenarios in AI applications, capital market enthusiasm is high. Previously, Replit had a valuation of $9 billion in March this year; Factory, which focuses on developing AI agents, completed a $150 million funding round with a valuation of $1.5 billion in April; and Cursor, which focuses on developer tools, was recently acquired by SpaceX at a price of $6 billion.

As these leading players accelerate their technological development and commercialization processes, the era of AI-driven automated development is rapidly approaching. Whether Lovable can further solidify its market position through this round of funding has become a focus of attention in the industry recently.