Stockholm-based Lovable has raised $7.5 million in pre-seed funding for its newly launched AI coding assistant that promises to turn anyone into a developer.
The AI coding tool called GPT Engineer generates production-ready code in real-time without requiring any developer experience. According to the startup, users simply need to chat with the assistant to build websites and web apps.
“We want to expand the world’s programming skills beyond the current 1% of the population who can code, thereby making software more accessible,” Lovable co-founder Anton Osika said in a statement.
The GPT engineer
GPT Engineer is based on tailor-made Lange Language Models (LLMs) with vision functions from providers such as Anthropic and OpenAI. According to Lovable, the AI assistant's advanced reasoning allows it to independently build and debug applications while maintaining their integrity.
It can also detect user intent, provide instant feedback, and recognize when to request user input due to its limitations.
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The Coding Wizard can be synced to GitHub, where its open source Command Line Interface (CLI) version currently has over 52,000 GitHub stars.
GPT Engineer Platform Preview. Source: Adorable
Osika founded Lovable in 2023 together with Fabian Hedin. They are both serial entrepreneurs with a strong background in software development and AI.
With the fresh capital, Lovable plans to attract more European talent to its team and increase its computing resources, data collection and refinement.
Hummingbird VC and byFounders led the financing round, which was attended by major Nordic funds, private and angel investors, including Mattias Miksche, Shopify's Siavash Ghorbani, Voi's Fredrik Hjelm and Creandum co-founder Stefan Lindeberg.
“Lovable is entering the market at a crucial time when demand for software development far exceeds available talent,” said Firat Ileri, Partner at Hummingbird.
“Web apps make up 80% of the software we interact with today, yet only a small minority of people can create them.”
Lovable's funding comes amid a broader boom for the AI-powered coding market. Last week, San Francisco-based Poolside raised a staggering $500 million – without even launching a product yet.
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