Lovable Passes $600M in Annual Run-Rate Revenue as Enterprise Adoption Grows
aiinsider ·
Lovable, an AI vibe-coding platform, has surpassed $600 million in annual run-rate revenue, marking a significant increase from the $500 million reported earlier in June. Co-founder Fabian Hedin announced this milestone at the HumanX summit in Amsterdam, highlighting the company's strong focus on enterprise adoption. The platform is now utilized by employees at two-thirds of Fortune 500 companies, with major clients including Microsoft, Nvidia, and Deutsche Telekom. Unlike traditional AI coding tools that merely output code, Lovable delivers finished products and full businesses, handling hosting, deployment, and scaling. Applications built on the platform currently generate nearly one billion visits per month, significantly outpacing traffic to Lovable itself. Financially, the startup has raised over $700 million across two rounds within eight months. A December funding round valued the company at $6.6 billion, which doubled to $13.3 billion following a subsequent $400 million raise in August.
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