MoneyThe story, in brief
AI Coding Startup Lovable In Talks To Raise Funding At A $12 Billion Valuation
$12B. That's Lovable's new valuation—nearly double in one funding round—as the AI coding startup hits $400M ARR in under two years.
The KeyNews take
Why it matters
A sub-2-year-old AI coding startup reaching $400M ARR and commanding a $12B valuation signals explosive product-market fit in the developer tools space and validates the market's appetite for AI-native coding assistants at scale.
The key facts
5 to knowLovable in talks to raise at $12B valuation
$400M annual recurring revenue (ARR) achieved in 2026
Company less than two years old
New valuation would nearly double previous valuation (implies prior ~$6B)
Funding round not yet closed
Go to the source
Forbes Innovationforbes.com
Publisher excerpt: The less than two-year old startup crossed $400 million in annual recurring revenue earlier this year. The new fundraise would almost double its valuation.