Swedish startup Lovable is reportedly raising $150 million, approaching a valuation of nearly $2 billion. The Stockholm-based company has developed a generative AI platform enabling users without technical skills to create apps or websites through simple text prompts. Co-founder Anton Osika emphasized the mission to build for the 99% who do not create software. Founded in 2023 by Osika and Fabian Hedin, Lovable generated $75 million in annual recurring revenue within seven months of launching its platform.
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