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Canva's AI Cost Reset, Lovable's $13.3B & VC Bifurcation | S1E1
Audio is available on Spreaker — see link below.
Canva cuts its growth forecast as AI inference costs shatter the SaaS unit-economics model — and the ripple effects hit every founder and investor in the market. Plus: Lovable's $400M round, CodeRabbit's $1.5B valuation, Form Energy's $750M grid-storage mega-round, and the numbers behind venture's deepening AI bifurcation.
Audio is available on Spreaker — see link below.
Canva just cut its revenue growth forecast by a third because running AI features costs too much. That's the headline that matters most right now, and it's worth sitting with for a moment before moving on to anything else.
Against that backdrop, Lovable's new numbers land differently. The Swedish vibe-coding platform just closed a four hundred million dollar round at a thirteen point three billion dollar valuation, doubling from where it was in December.
CodeRabbit raised a hundred and forty-three million dollars at a one point five billion dollar valuation. Atomico and Smash Capital co-led.
Form Energy closed seven hundred and fifty million dollars, led by T. Rowe Price with Sequoia, Franklin Templeton, and Janus Henderson participating.
The broader market context sharpens all of this. AI companies captured eighty-seven point five percent of U.S. venture dollars in the first half of twenty twenty-six.
Two things to track closely from here. First, whether more SaaS companies follow Canva in publicly acknowledging AI cost pressure.
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