AI coding startup Lovable raised $400M at $13.3B valuation up from $6.6B in 2025

I feel like this valuation could be cut by 75% if Anthropic paid more attention to Claude Design.

Wonder of any of the early money got out. Very little visibility to the secondary market on these things. I remember back in dot-com days folk would take leverage on their unrealized gains. Didn't work out that well. Selling at small discount in the secondary, which was mocked, turned out to be a good play.

Seems lots of the market for tools like this is un-moat-able. Hopefully someone smarter than me shares their experience with that.

This is crazy. Do people still use Lovable, I know they were super popular before Codex/Claude Code, but since then, I feel most people (even non-engineers from what I seen) have moved to these tools. Is Lovable still the easiest way to get an site/app going?

And as a side note, what are people's thought on the best coding agent for frontend dev?