The use of generative AI to create software has been the most important use case since its appearance a few years ago. But platforms like the cursor and the co-pilot are mainly confined to a world inhabited by trained engineers.
KindA Swedish startup of AI reached the first page of product hunting and hacker news last year after allowing anyone to create applications very easily, simply using incentive. He has now collected $ 16 million in a pre-series round by Creanddum and revealed impressive growth figures.
Lovable allows anyone to create what he calls software ready for production without the need for coding knowledge. In addition to creating prototypes and websites, its GPT engineer can ship fully functional web applications.
He now claims that 500,000 users build more than 25,000 new products per day.
As a European alternative to AI coding tools based in the United States, Lovable says that it has now reached $ 17 million in annual recurring income (ARR), after having evolved at 30,000 paid customers. This would objectively make one of the fastest growth startups in Europe.
Lovable said that he had reached this stage with only $ 2 million in capital expenses. This, after raising a modest funding tower of 6.8 million euros, led last October, led by Hummingbird Ventures and Byfounders (An Angel Syndicate).
The founder Anton Osika told Techcrunch that the platform was different from the competition of code creation platforms in competition in the sense that it is “the best way to get something that really works”.
He said the platform uses an Openai, Google Gemini and Anthropic combination, distilled in a platform that can generate the software.
“We have seen hundreds of commercial applications built on the platform, at least 25,000,” he said.
Osika – who co -founded Lovable with Fabian Hedin – said he had the idea of adorable when he worked on Devict.ai in 2023. Devict is previously a company supported by YC which collected $ 20 million ‘Investment of the investment of Garry Tanized by Garry Tan Capital, Eqt Ventures, Northzone and others. It applies ML in the field of the electronic commerce shop.
The previous experience of Osika also includes the development of the computer interface used by the famous renowned physicist
“I saw that there is something bigger that I can do here, giving 99% of the population who do not know how to code access to a software engineer via AI,” said Osika in Techcrunch.
Lovable now plans to extend its integration with third -party services, including Supabase for databases and Github for code storage.
In a press release, Fredrik Cassel, Creanddum general partner, said: “I have not seen this level of users’ love for a product since we have invested in Spotify. It’s really amazing. Lovable has the potential to become one of the next generational companies in Europe in this new AI era. »»
Providential investors were also in providential investors, notably Charlie Songhurst (Meta Board), Adam d’Angelo and Thomas Wolf (Face Hugging Face) and Eric Bernhardsson (Modal).
