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[AI Application Development Platform Lovable in Talks to Raise $300 Million at a $13.2 Billion Valuation] According to TechCrunch, Swedish AI application development platform Lovable is in talks to raise $300 million at a $13.2 billion valuation, which happens to be double the company's $6.6 billion valuation from December last year. Reports indicate that Menlo Ventures is expected to lead this round of funding, having just announced its latest $3 billion fund last month. This startup, which is less than three years old, achieved a $500 million annualized revenue run rate in June. Lovable's users include founders, independent designers, and sales professionals who use its tools to build websites and e-commerce stores. The company also sells its ambient programming tools to large enterprises, with clients including Workday, Asana, and Nvidia.