Lovable, a Swedish AI coding startup, which has achieved unicorn status by raising a $200 million Series A round, valuing it at $1.8 billion just eight months after its launch.

The company, which helps users create websites and apps using natural language, has seen rapid growth with over 2.3 million active users and 180,000 paying subscribers, generating $75 million in annual recurring revenue within seven months.

Lovable's success is attributed to its appeal to non-technical users for prototyping, though it also aims to support production-grade applications for businesses, attracting notable investors and enterprise clients like Klarna and HubSpot.