Swedish AI application-building platform Lovable is in discussions to secure $300 million in funding, aiming for a valuation of $13.2 billion, according to Techcrunch. This marks a significant increase from its $6.6 billion valuation in December. Menlo Ventures is anticipated to lead the funding round, following its recent announcement of a $3 billion fund. Founded less than three years ago, Lovable has achieved an annualized revenue run rate of $500 million as of June. The platform is popular among founders, independent designers, and salespeople for building websites and e-commerce stores. Additionally, Lovable's vibe coding tools are utilized by large enterprises, including Workday, Asana, and Nvidia.