Lovable bolsters its AI software creation capacity, touts $400M funding round

Stockholm-based AI software creation platform Lovable has secured $400 million in Series C funding. The company aims to accelerate product, infrastructure, and team development, targeting a workforce of 450 employees this year with a focus on machine learning and security. Lovable, already utilized by nearly two-thirds of Fortune 500 companies, plans to expand operations into London, Boston, San Francisco, and New York City. New backers include Regent, the private equity firm that owns Foundry.