Hyped AI company worth 60 billion

That valuation makes Lovable Sweden's currently highest valued technology company outside the stock exchange, the newspaper writes.

In the previous financing round six months ago, the company was valued at approximately SEK 17 billion.

Lovable has reached annual revenues of SEK 1.9 billion in a relatively short time. The business idea is to offer people the ability to build websites and apps without knowing how to program.

Among the better-known investors are Nvidia and Google's holding company, but also Swedish investors such as EQT and Creandum.