AI App Builder Lovable Valued at $13.3 Billion After New Funding Round

Lovable, a company whose software helps people build apps using artificial intelligence, raised $400 million in new funding. The round values the company at $13.3 billion — twice what it was worth just eight months ago. Menlo Ventures and the Scaleup Europe Fund led the investment. Lovable says it now generates about $500 million in yearly revenue.