## Fast-growing Swedish vibe coding startup Lovable is set to raise funding from Accel at a $1.5 billion valuation

**Lovable**, a Swedish startup pioneering in **"vibe coding"**, is on the brink of securing a significant funding round led by **Accel**, propelling its valuation to at least **$1.5 billion**. This move underscores the growing interest in innovative coding methodologies that blend creativity with technology.

![Anton Osika is a cofounder of Lovable, a Swedish "vibe coding" startup](https://i.insider.com/684a07343d5881a51c1b3fde?width=700)

*Anton Osika, cofounder of Lovable, is at the forefront of this unique approach to coding.*

The term **"vibe coding"** refers to a more intuitive and creative process of software development, emphasizing the developer's emotional and psychological state to enhance productivity and innovation. Lovable's approach has caught the attention of major investors, signaling a shift towards more human-centric tech development paradigms.

This funding round is a testament to the **potential of vibe coding** to revolutionize how we think about and engage with technology. With Accel's backing, Lovable is poised to expand its influence and further develop its innovative coding platform.

Accel is set to lead a new funding round in Swedish "vibe coding" startup Lovable at a valuation of at least $1.5 billion, according to sources.

Swedish 'Vibe Coding' Startup Lovable Hits $1.5B Valuation with Accel's Backing

**Welcome to Startups Weekly** — your weekly recap of everything you can’t miss from the world of startups. Despite the buzz around WWDC, June proved to be a bustling month for startup news, with significant deals and IPOs making headlines.

### **Most Interesting Startup Stories from the Week**

![Chime IPO](https://techcrunch.com/wp-content/uploads/2025/06/Chime-IPO.jpeg?w=680)

This week was a reminder that the startup journey is anything but linear, with **Chime**, a neobank, making waves by going public in one of the year's most anticipated IPOs. The company's near-death experience in 2016 and its subsequent revival is a testament to the unpredictable nature of startup success.

- **Nucleus Genomics** faced backlash for its controversial **Nucleus Embryo** product, sparking debates on ethical boundaries in genetics testing.
- **Automattic**, the owner of WordPress.com, acquired **Clay**, a relationship management app, signaling a strategic move to enhance its online tools.
- **Superblocks' CEO** shared insights on finding the next billion-dollar idea by analyzing AI system prompts, offering a unique perspective for aspiring founders.

### **Most Interesting VC and Funding News This Week**

![Geothermal Energy](https://techcrunch.com/wp-content/uploads/2024/02/Fervo-Energy_Project-Red_Rig-2-2048x1367-1.jpg?w=680)

The funding landscape was vibrant, with **Multiverse Computing** securing a massive €189 million Series B to slim down AI costs, and **Glean** achieving a $7.2 billion valuation after its Series F round. Not to be outdone, **Fervo Energy** landed $206 million for its geothermal projects, highlighting the growing interest in sustainable energy solutions.

- **Proxima Fusion** and **Coco Robotics** also made headlines with significant funding rounds, showcasing the diversity of innovation across sectors.
- **Collab Capital** closed a $75 million fund, focusing on seed and Series A investments in healthcare and infrastructure, underscoring the importance of strategic funding in shaping the future of work.

### **Last but Not Least**

The **U.S. Navy** opened its doors to startup partnerships, offering a unique opportunity for innovators to collaborate on defense technologies. This move reflects the increasing intersection between technology and traditional sectors, paving the way for groundbreaking advancements.

This week brought us many reminders that no startup journey is linear — but the next billion-dollar idea may only be one click away.

Startups Weekly: The Unstoppable March of Innovation and Big Funding Rounds

**What happens when Seattle founders visit San Francisco?** A group of early-stage entrepreneurs from Seattle's **Foundations** community traveled to the Bay Area for the **AI Engineer World’s Fair**, sparking a lively debate on the differences between the two cities' startup cultures.

### Key Takeaways from the Trip:
- **San Francisco's Density of Founders**: The city's high concentration of entrepreneurs and constant idea exchange solidifies its status as the startup capital of the world.
- **Seattle's Calmer Pace**: While Seattle could use more of SF's energy, its less intense environment offers unique advantages, including stronger peer support and fewer distractions.
- **Tech Talent in Seattle**: With giants like Microsoft and Amazon, Seattle boasts deep tech talent, making it ideal for **AI startups**, especially those with a vertical focus. However, it lacks in marketing and sales expertise.
- **Risk Appetite**: Silicon Valley founders and investors are notably less risk-averse, embracing 'crazy ideas' more readily than their Seattle counterparts.

### The Serendipity Factor
San Francisco's 'mojo' is back, according to Ishan Anand, a Seattle-area founder with Bay Area experience. The city's ability to foster **serendipitous connections** creates a collective momentum crucial during the AI boom. Patrick Ellis, CTO of Snapbar, highlights the importance of a strong community to stay atop rapidly evolving AI techniques.

### Foundations: Bringing SF's Energy to Seattle
Launched last year, **Foundations** aims to replicate San Francisco's serendipity in Seattle. With over 200 members, including early-stage founders and seasoned investors, the group is building a 'serendipity factory' to energize Seattle's startup scene.

Veteran entrepreneur Matt Shobe speaks to a group of Seattle founders during their trip to San Francisco for the AI Engineer World's Fair. (Photo courtesy

Seattle vs. San Francisco: A Deep Dive into Startup Cultures Post-AI Conference

At Y Combinator’s Spring 2025 Demo Day, the spotlight was on **AI and robotics**, with startups presenting innovative solutions that could redefine how we work and interact with technology. Here’s a look at the standout companies that captured investors' attention.

### **Anvil: SEO for LLMs**

**What it does:** Helps brands measure, optimize, and increase their visibility on AI platforms like ChatGPT and Gemini.

**Why it’s a fave:** As AI tools become primary search platforms, Anvil’s solution is crucial for brands aiming to stay relevant.

### **Atum Works: Building 3D Chips**

**What it does:** Develops 3D stacked chips to increase processing power.

**Why it’s a fave:** With transistors not shrinking as fast, Atum’s approach could position it as the next NVIDIA.

### **Auctor: Automating Enterprise Software Implementation**

**What it does:** Streamlines the integration of enterprise software.

**Why it’s a fave:** Already attracting interest from giants like SAP and AWS, Auctor is solving a critical pain point.

### **Cactus: AI Copilot for Solopreneurs**

**What it does:** An AI bot that handles calls and payments for solo business owners.

**Why it’s a fave:** It’s a game-changer for solopreneurs overwhelmed by administrative tasks.

### **Den: Cursor for Enterprise Knowledge Workers**

**What it does:** Replaces Slack and Notion with AI agents tailored to enterprise needs.

**Why it’s a fave:** Investors are buzzing about Den’s potential to transform workplace communication.

### **Eloquent AI: Automating Customer Operations**

**What it does:** AI bots that handle customer service tasks like unfreezing bank accounts.

**Why it’s a fave:** It promises to eliminate long waits for human customer service.

### **LLM Data Company: Tooling for AI Evaluation**

**What it does:** Provides LLMs to evaluate the quality of AI agents.

**Why it’s a fave:** With AI tools proliferating, quality evaluation is becoming a critical need.

### **Scalar Field: AI-Powered Bloomberg Terminal**

**What it does:** Offers more flexible financial data manipulation than existing tools.

**Why it’s a fave:** It’s reimagining financial analysis with AI.

### **Sygaldry: Quantum Accelerated AI Servers**

**What it does:** Speeds up AI training and inference with quantum computing.

**Why it’s a fave:** Led by a seasoned founder, it’s at the forefront of quantum computing applications.

### **Vybe: Vibe Coding for App Development**

**What it does:** Enables the creation of applications through vibe coding.

**Why it’s a fave:** Demo attendees hailed it as a potential game-changer in app development.

Here are some of the top startups from Y Combinator's Spring 2025 Demo Day that caught investors' and our attention.

Top 11 AI and Robotics Startups from YC's Spring 2025 Demo Day That Are Revolutionizing Industries

**Philadelphia** has made a significant leap in the global startup ecosystem, **jumping 12 spots** to secure the **No. 13 position** in the **2025 Global Startup Ecosystem Report** by Startup Genome and the Global Entrepreneurship Network. This marks a **35-spot climb over the past five years**, showcasing the city's growing appeal for entrepreneurs and investors alike.

### **The Driving Forces Behind Philly's Startup Success**

- **Life Sciences Leadership**: With **$30 million** earmarked for the sector in the **Pennsylvania governor’s proposed 2025-2026 budget**, and notable funding rounds like **Latus Bio’s $54 million Series A**, Philly continues to be a **life sciences powerhouse**.
- **AI and Robotics**: The city's **AI, big data, robotics, and advanced manufacturing** sectors are thriving, highlighted by **Sojo Industries’ $10 million Series A** and **Ghost Robotics’ $240 million acquisition**.
- **Venture Capital Boom**: Despite a challenging quarter, **Philly’s VC funding** over the last five years totals **$24 billion**, far exceeding the global average of **$5.2 billion**.

### **Collaborative Ecosystem and State Support**

Key stakeholders like **1Philadelphia**, **Comcast NBCUniversal LIFT Labs**, and the **Philadelphia Alliance for Capital and Technologies** are fostering a **collaborative environment**. Additionally, state-level investments, including **Amazon’s $20 billion AI initiative**, are positioning **Pennsylvania** as a **tech and innovation hub**.

### **What This Means for Philly’s Future**

This ranking is more than a badge of honor; it’s a **diagnostic tool** for sustained growth. As **Tiffany Wilson** of the **University City Science Center** puts it, the goal is to **“demonstrate how we help innovation move from an idea to impact.”**

The city jumped 12 spots in the latest Startup Genome report, continuing on an upward trajectory toward the top of the list.

Philadelphia Soars to Top 15 Global Startup Hubs: A Closer Look at Its Rapid Rise

**Sunrise Robotics** has stepped out of stealth mode, securing **$8.5 million in seed funding** to revolutionize industrial automation with its **modular robotics and AI models**. The funding round was led by **Plural**, a London-based VC firm, with participation from **Tapestry, Seedcamp, Tiny.vc, and Prototype Capital**.

### Addressing the Labor Shortage

The startup, headquartered in **Ljubljana, Slovenia**, aims to tackle the **acute labor shortage** in European manufacturing. With **32 million people employed** in this sector and a third set to retire in the next decade, Sunrise's robots are designed to take over tasks like **cutting, welding, fastening, and bolting**.

![Sunrise Robotics industrial robot workstation](https://fortune.com/img-assets/wp-content/uploads/2025/06/SunriseRoboticCell_Perspective.png?w=1440&q=85)
*The design for a Sunrise Robotics industrial robot workstation, or “cell.” Photo courtesy of Sunrise Robotics*

### Rapid Deployment with AI

Sunrise's **two-armed robots** can be deployed in **less than 10 weeks**, a stark contrast to the **eight months** traditional robots often require. This is achieved by using **cameras to create a digital twin** of the workstation and training **AI models in a simulator** to control the robots.

### Competitive Landscape

While Sunrise is not alone in this space—competitors like **Inbolt and Physical Intelligence** are also leveraging AI—the startup stands out with its **combination of small AI models and conventional coding**. Its **standardized "cells"** make training robots for new tasks easier and more cost-effective.

### Target Market

Sunrise is focusing on **"high mix, low volume"** manufacturers, which produce a variety of parts but in small quantities. The startup has already signed **letters of intent with 10 customers**, including those in **supercar development, high-performance batteries, and consumer electronics**.

### Founders and Future Plans

The cofounders, including **Tomaz Stolfa, Marko Thaler, and Joe Perrott**, bring a wealth of experience from Silicon Valley. With **25 employees** and plans to expand, Sunrise is poised to make a significant impact on the industrial robotics landscape.

The startup, backed by prominent European tech founders, aims to tackle a looming industrial labor shortage.

Sunrise Robotics Unveils Game-Changing Industrial Robots with $8.5M Seed Funding

**JetZero**, a pioneering U.S. aircraft startup backed by **United Airlines** and **Alaska Airlines**, is set to revolutionize the aviation industry with a massive **$4.7 billion investment** in North Carolina. This ambitious plan includes the establishment of a **production facility and headquarters**, marking a significant milestone in the state's aerospace sector.

### A Landmark Deal with Big Promises

The agreement features over **$1.1 billion in state performance incentives**, spread across nearly 40 years, contingent on JetZero creating **over 14,000 jobs** between 2027 and 2036. This not only underscores the company's commitment to economic growth but also highlights North Carolina's strategic push to become a hub for aerospace innovation.

### The Z4 Blended Wing Aircraft: A Glimpse into the Future

At the heart of JetZero's venture is the manufacturing of its **250-seater Z4 blended wing bodied aircraft** at Greensboro's airport. This cutting-edge design promises enhanced fuel efficiency, aligning with global efforts to reduce aviation emissions. The project will also benefit from **$450 million in infrastructure improvements**, further bolstering the region's appeal to high-tech industries.

### North Carolina: The New Aerospace Frontier

JetZero's move is part of a broader trend of aerospace companies expanding into the U.S. South, attracted by **lower operational costs** and growing demand for innovative aircraft solutions. However, the challenge of recruiting skilled labor remains a critical hurdle for the industry.

### The Road Ahead for JetZero and the Aviation Industry

With a **conditional order for up to 100 fuel-efficient airplanes** from United and options for another 100, JetZero is poised to make a significant impact. Yet, the path is fraught with challenges, as the capital-intensive nature of the industry presents high entry barriers for startups.

(Reuters) -U.S. aircraft startup JetZero, which has secured investments from United Airlines and Alaska Airlines, will invest $4.7 billion over a decade on a production facility and headquarters in North Carolina, the state said on Thursday.  The deal contains more than $1.1 billion in state performance incentives that would be paid over nearly 40 years and are contingent on JetZero creating over 14,000 jobs between 2027 and 2036, a state representative said.  The company will manufacture its 250-seater Z4 blended wing bodied aircraft at an airport site in Greensboro, the state and company said in statements.

JetZero's $4.7 Billion Bet on North Carolina: A New Era for Aviation Innovation

**Muon Space**, a pioneering small satellite manufacturer, has announced a groundbreaking **$89.5 million funding round** to scale its production capabilities and acquire **Starlight Engines**, a propulsion startup. This strategic move aims to internalize a critical supply chain component, ensuring smoother operations amidst rapid expansion.

### **A Leap Forward in Satellite Manufacturing**
With this latest funding, Muon Space's total Series B investment reaches **$146 million**, following a $56.7 million raise last year. The company has expanded its team by **50%** since December, now boasting **150 employees**, and is actively recruiting to support its ambitious growth plans.

Muon's new **12,000-square-meter facility** in San Jose, California, is set to produce up to **500 satellites annually**, catering to the 100–500+ kilogram class. CEO Jonny Dyer highlights the facility's role in meeting surging demand from both commercial and government sectors, with projections to deliver **100 satellites per year by 2027**.

### **Building on a Strong Foundation**
Muon Space has already made significant strides, launching its first satellite, **MuSat-1**, in 2023, followed by **MuSat-2** in 2024 for Department of Defense weather programs. The company's third satellite, launched in March 2025, serves as the protoflight for **FireSat**, a wildfire-monitoring system developed with Earth Fire Alliance.

![FireSat Project](https://i0.wp.com/spacenews.com/wp-content/uploads/2024/05/Logo-Art-for-FireSat-Press-Release_5_3_24_no_logos-01.jpg?resize=780%2C312&quality=89&ssl=1)
*Muon Space's FireSat project, supported by Google Research, aims to revolutionize wildfire detection.*

### **Starlight Engines: A Game-Changer**
The acquisition of **Starlight Engines** introduces **zinc-fueled Hall-effect thrusters** to Muon's vertically integrated Halo satellite platform. This technology addresses the high costs and supply chain vulnerabilities associated with traditional xenon and krypton-based systems.

![Starlight Thruster](https://i0.wp.com/spacenews.com/wp-content/uploads/2025/06/Starlight-Thruster-20250610-1.jpg?resize=780%2C407&quality=89&ssl=1)
*Starlight's propulsion technology is already being integrated into Muon's satellites, with the first equipped launch slated for 2026.*

### **Funding and Future Prospects**
The new capital, led by **Congruent Ventures**, includes $44.5 million in equity and $45 million in credit facilities. With over **$100 million in contracts signed in 2024**, Muon Space is poised to become a dominant player in the satellite manufacturing industry.

Four-year-old small satellite maker Muon Space announced $89.5 million in new funding June 12 to scale production and acquire propulsion startup Starlight Engines, bringing a potential supply chain bottleneck in-house.

Swedish 'Vibe Coding' Startup Lovable Hits $1.5B Valuation with Accel's Backing

Summary:

Fast-growing Swedish vibe coding startup Lovable is set to raise funding from Accel at a $1.5 billion valuation

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Other Latest News

Startups Weekly: The Unstoppable March of Innovation and Big Funding Rounds

Seattle vs. San Francisco: A Deep Dive into Startup Cultures Post-AI Conference

Top 11 AI and Robotics Startups from YC's Spring 2025 Demo Day That Are Revolutionizing Industries

Philadelphia Soars to Top 15 Global Startup Hubs: A Closer Look at Its Rapid Rise

Sunrise Robotics Unveils Game-Changing Industrial Robots with $8.5M Seed Funding

JetZero's $4.7 Billion Bet on North Carolina: A New Era for Aviation Innovation

Muon Space Secures $90M to Revolutionize Satellite Production with Starlight Engines Acquisition

Other Latest News

Startups Weekly: The Unstoppable March of Innovation and Big Funding Rounds

Seattle vs. San Francisco: A Deep Dive into Startup Cultures Post-AI Conference

Top 11 AI and Robotics Startups from YC's Spring 2025 Demo Day That Are Revolutionizing Industries

Philadelphia Soars to Top 15 Global Startup Hubs: A Closer Look at Its Rapid Rise

Sunrise Robotics Unveils Game-Changing Industrial Robots with $8.5M Seed Funding

JetZero's $4.7 Billion Bet on North Carolina: A New Era for Aviation Innovation

Muon Space Secures $90M to Revolutionize Satellite Production with Starlight Engines Acquisition