The AI design agent company is also close to a new funding round after a nearly $300 million B+ raise in June, with ARR above $300 million as of May.
演语科技, the parent of AI design agent Lovart, is in preliminary discussions with advisers about a Hong Kong IPO, while also nearing a new fundraising round that could lift its valuation to $3 billion, Beating reported. Lovart targets designers and creators, turning a single prompt into generated, edited and batch-produced visual materials by relying on third-party models such as GPT and Gemini rather than developing its own foundation model. 演语科技 also operates LiblibAI, 星流 and LibTV in China. The company completed a nearly $300 million B+ funding round in June at a post-money valuation above $2 billion, and its ARR (annual recurring revenue) exceeded $300 million as of May. If the new fundraising closes, its valuation would rise to $3 billion in less than two months.