Lovable, a rapidly growing AI startup in Europe, is raising a new funding round exceeding $150 million at a valuation close to $2 billion, just months after a $15 million raise. Founded in 2023, Lovable provides a web-app building product that facilitates creating entire applications based on text prompts. The company announced an upcoming AI agent to automate code editing and debugging, set to charge based on usage, reflecting a business model trend in AI startups. Investors appear to be responding positively to these strategies.
Lovable, one of Europe's fastest-growing AI startups, is raising over $150 million at a nearly $2 billion valuation, following a previous $15 million round.
The company specializes in building web apps from text prompts, creating both front-end interfaces and database connections, starting at $25 a month for users.
Lovable's new AI agent, announced in a recent release, will automate tasks like code editing and debugging, charging users based on usage.
The pricing model for Lovable's AI agent reflects a trend where AI startups incur variable fees to model providers, influencing their business strategies.
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