Lovable says its annual run-rate revenue has passed $600 million

In short: Lovable says its annual run-rate revenue has crossed $600 million as more big companies use its AI app-building platform.

What happened

Lovable co-founder Fabian Hedin said at the HumanX summit in Amsterdam that the company has passed $600 million in annual run-rate revenue. Annual run-rate is a simple estimate that takes current revenue and projects it over a full year (like looking at one month of sales and multiplying by 12).

Hedin said Lovable has been pushing harder into selling to large businesses. He also claimed that about two-thirds of Fortune 500 companies now use Lovable, and he named Microsoft, NVIDIA, and Deutsche Telekom as customers.

Lovable is part of a growing category sometimes called “vibe coding.” That is when people describe what they want in plain language, and the tool helps turn it into a working app, even if the person is not a programmer. Hedin said Lovable is different from tools that mainly spit out code, because Lovable aims to produce a finished product and it also helps with hosting, deployment, and scaling (getting an app online, updating it, and keeping it running as more people use it).

Hedin also said apps made on Lovable are getting nearly a billion views per month in total.

The company has raised more than $700 million in two funding rounds in the last year, including a $300 million round in December and a $400 million round in August.

Why it matters

If these numbers hold up, it suggests more companies want tools that make it faster and easier to build software, similar to using a website builder instead of hand-coding pages. That could lower the cost and time needed to launch new digital products, and it could change how businesses hire and organize tech work.

Source: TechCrunch AI