Topic: annual recurring revenue
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Lovable No-Code Platform Targets $150M Raise for Unicorn Status
Swedish no-code platform Lovable is negotiating a $150 million funding round, potentially valuing it at $2 billion, making it one of Europe’s top AI startups. Founded in 2023, Lovable has achieved $75 million in annual recurring revenue by enabling non-technical users to build apps and websites w...
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Horizon3.ai Secures $100M in New Funding Round
Horizon3.ai raised $100 million in its latest funding round, with $73 million confirmed, highlighting strong investor confidence in automated security solutions amid rising cyber threats. The funding round, led by New Enterprise Associates (NEA), could value Horizon3.ai at over $750 million, with...
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AI Coding Firm Cognition Acquires Windsurf, Creator of Devin
Cognition acquired rival firm Windsurf in a major AI coding industry shakeup, following Google's $2.4 billion executive poaching and OpenAI's expired $3 billion offer. The deal includes Windsurf's intellectual property, remaining 250-person team, and $82 million in annual revenue, with plans to e...
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AI Medical Scribe Abridge Hits $5.3B Valuation in Just 4 Months
Abridge raised $300 million in Series E funding, led by Andreessen Horowitz, boosting its valuation to $5.3 billion and highlighting rapid growth in the AI medical documentation sector. The company leads the AI medical scribe market with partnerships like Epic Systems, serving over 150 U.S. healt...
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Rork’s Founders Went Viral, Raised $2.8M from a16z
Rork's founders, Levan Kvirkvelia and Daniel Dhawan, transformed near-failure into success by securing $2.8 million in seed funding after a viral tweet highlighted their no-code mobile app builder. A $100,000 investment from Austen Allred sparked rapid funding, including backing from Andreessen H...
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