Vibe-coding startup Lovable doubles valuation in 8 months

Swedish vibe-coding startup Lovable has raised $400 million in a Series C funding, doubling its valuation to $13.3 billion from December last year. It helps users build software through natural-language prompts, allowing them to describe ideas via chat interface. The startup said its annual recurring revenue has tripled and is expected to reach $600 million by the end of August.