With 8-month ARR breaking 100 million, it’s now sprinting to 400 million—this growth rate is even crazier than a crypto bull market. But enterprise customers only make up 5%. So is it a PLG myth or a valuation bubble? We’ll know when the $120 billion deal is officially sealed.

CryptoWorld News: Vibe Coding startup Lovable is in talks for a new round of funding, with a valuation expected to reach $12 billion. According to Forbes, if the funding is successful, Lovable's valuation will nearly double the $6.6 billion it was valued at during the December 2025 funding round. Lovable's annual recurring revenue (ARR) surpassed $400 million in February this year, reaching $100 million within 8 months of its founding, setting the fastest growth record for a startup in the software industry. Currently, Lovable has approximately 8 million users, with corporate clients contributing only $20 million in ARR, about 5% of total revenue.