Swedish AI company Lovable valued
Photo: Ari Luostarinen/SVD/TT

Swedish AI company Lovable valued at 127 billion after new funding round

The Swedish AI company Lovable raises $400 million, equivalent to 3.8 billion kronor, in a new funding round, reports the Wall Street Journal, among others.

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The new capital injection means that the company now has a total value of approximately SEK 127 billion, which means a higher market capitalization than, for example, Skanska, SSAB or SKF, reports Dagens industri.

The company was founded in 2023 and, according to co-founder Anton Osika, the injection represents an opportunity to further develop the company's platform and expand the number of employees.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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