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

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Swedish AI company Lovable valued at 127 billion after new funding round
Photo: Ari Luostarinen/SVD/TT

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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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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