AI startup Lovable raises $200M in round led by Accel

AI startup Lovable raises $200M in round led by Accel

In a significant move for the artificial intelligence sector, Lovable, an AI startup focused on enhancing customer interactions, has secured $200 million in Series B funding. The round was led by Accel, a prominent venture capital firm known for its investments in tech giants such as Facebook and Dropbox [1].

The funding round also saw participation from several other notable investors, including ServiceNow, Cisco, and Jane Street. This substantial investment underscores the growing interest in AI startups and the increasing competition among investors to secure promising deals in the sector [1].

Lovable was founded with the aim of developing advanced AI systems that can improve customer interactions across various industries. The company's proprietary AI models are designed to be more reliable and safer than existing solutions, making them suitable for a broad range of applications [1].

The funding will be used to expand Lovable's product suite, including the development of new AI-driven digital agents that can automate customer-facing roles while ensuring compliance with local data regulations. The company aims to further its market presence and explore new opportunities in the global AI market [2].

This funding round is part of a broader trend of increased investment in AI startups, particularly in the Middle East. According to data from Magnitt, Series A and B funding activity has been gaining traction in Saudi Arabia and the United Arab Emirates, driven by government support and a growing appetite for investments [2].

Lovable joins a growing list of AI startups that have attracted significant investment, including Thinking Machines Lab, which recently raised $2 billion at a valuation of $12 billion [1]. This reflects the ongoing enthusiasm among investors for AI startups, despite some questions about tech industry spending.

The funding round for Lovable is a testament to the potential of AI technology and the confidence that investors have in the company's ability to deliver innovative solutions. As AI continues to evolve, startups like Lovable are at the forefront of driving innovation and shaping the future of customer interactions.

References:
[1] https://www.marketscreener.com/quote/stock/CISCO-SYSTEMS-INC-4862/news/Mira-Murati-s-AI-startup-Thinking-Machines-valued-at-12-billion-in-early-stage-funding-50515546/
[2] https://www.bloomberg.com/news/articles/2025-07-16/aramco-s-vc-arm-backs-record-ai-funding-round-for-saudi-startup