Topic: annual recurring revenue arr
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Swedish Unicorn Lovable Hits $100M ARR in Just 8 Months
Swedish startup Lovable surpassed $100 million in annual recurring revenue (ARR) within eight months, becoming one of Europe’s fastest-scaling tech companies. The AI-powered platform has 2.3 million active users and 180,000 paying subscribers, achieving rapid growth with just 45 employees. Lovabl...
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Glean AI Startup Hits $7.2B Valuation in Latest Funding
Glean's valuation surged to $7.2 billion after raising $150 million in a Series F round led by Wellington Management, continuing its rapid growth. The company's AI-powered platform helps businesses streamline internal knowledge retrieval using natural language queries across tools like Salesforce...
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McKinsey: Europe's Software Sector Hits Critical Turning Point
Europe has over 280 software firms with €100M+ in annual revenue but takes 15 years to scale—five years slower than US firms, hindered by market fragmentation and funding gaps. Fewer than 3% of European software firms reach €1B revenue, but the region has strong talent, networks, and investment p...
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Lovable Set to Raise $150M at $2B Valuation
Lovable, a Swedish AI startup, is in advanced talks to raise $150 million at a $2 billion valuation, following rapid growth and a $15 million pre-Series A round earlier this year. The company's platform converts text prompts into functional web apps, with a $25/month pricing model, and has achiev...
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