South Korea · Tools & products

Artificial intelligence news in South Korea: models, business, regulation and impact.

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Tools & productsSouth Korea

Lovable raises $400M from Tencent, valuation hits $13.3B

View of Stockholm's old town in Sweden, home to Lovable's headquarters.

Swedish vibe-coding startup Lovable has closed a $400 million round backed by Tencent, pushing its valuation to $13.3 billion. Apps built on the platform now draw more than 900 million visits a month.

August 17, 20263 min read

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