AI coding startup Lovable confirmed a $13.3 billion valuation in a Series C funding round that raised $400 million, doubling the company's valuation from $6.6 billion in December 2025.
The funding arrives two months after Lovable disclosed that it had reached $500 million in annualized run rate revenue in June, with the platform generating roughly 1 million new projects weekly. Late-stage AI software startups are now measured by customer base and revenue velocity, a shift from earlier emphasis on user counts alone.
Lovable's product lets developers build software using natural language prompts without writing code directly. The platform integrates with Claude, Anthropic's large language model, and competes with code-generation tools from GitHub, Amazon and other AI vendors. The startup was founded in 2023 and launched publicly in 2024, reaching measurable ARR in under two years.
The $400 million Series C reflects investor appetite for AI tools that generate immediate, measurable productivity gains. Previous AI software companies, including Jasper, Copy.ai and others, raised at similar or higher valuations based on user growth and engagement rather than direct revenue. Lovable customers pay immediately because code generation has direct economic value to their business.
The round values the company at exactly twice its December valuation, a pace of appreciation that outpaces most venture-backed software companies at the same stage. Lovable operates in a market where competing products, GitHub Copilot, Claude's own code tools, and custom AI implementations, are improving rapidly and shifting pricing models month to month.
The firm has now raised $500 million in total capital across three funding rounds. Investors in previous rounds included Sequoia Capital and other tier-one venture firms. The company disclosed the new funding in an announcement and confirmed the figures to reporting outlets on August 12.
Lovable's valuation doubled in eight months among AI coding tools since the category emerged in 2023. If the company sustains its $500 million annualized run rate growth, it will reach $1 billion in revenue at 2x current velocity within 24 months. The metric to watch is whether Lovable's revenue growth rate remains flat or accelerates in the next two quarters, the figure will determine whether the Series C multiple reflects current market conditions or assumes further acceleration that has not yet materialized.
