Lovable’s annualized revenue crosses $600M as vibe coding takes off
techcrunch ·
Lovable has achieved an annualized revenue run-rate of $600 million, marking a significant increase from the $500 million reported in June. Co-founder Fabian Hedin announced this milestone at the HumanX summit in Amsterdam, highlighting the company's strong focus on enterprise growth. He claimed that two-thirds of Fortune 500 companies are now utilizing Lovable's vibe-coding platform, with major clients including Microsoft, NVIDIA, and Deutsche Telekom. The apps built by users on the platform collectively attract nearly one billion views per month, which is ten times more traffic than the Lovable site itself. Unlike other AI coding tools that output raw code, Lovable delivers complete products and handles hosting, deployment, and scaling. The startup recently raised over $700 million across two funding rounds within eight months. Its valuation surged from $6.6 billion in December to $13.3 billion in August following these investments.
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