Lovable surpasses $600 million annual run-rate revenue, co-founder says
Quick Look
- Lovable co-founder Fabian Hedin announced at the HumanX summit in Amsterdam that the company's annual run-rate revenue has exceeded $600 million, up from $500 million in June.
- He stated that two-thirds of Fortune 500 companies use the platform, including Microsoft, NVIDIA, and Deutsche Telekom, and that user-created apps on Lovable attract nearly a billion views monthly.
AI-generated summary
Why It Matters
Lovable is a vibe-coding platform that enables users to create applications without traditional coding. In June, the company reported an annual run-rate revenue of approximately $500 million.
Lovable has crossed annual run-rate revenue of $600 million, the company’s co-founder Fabian Hedin said at the HumanX summit in Amsterdam on Thursday. The vibe-coding platform in June said that number was around $500 million.
Hedin said the startup has focused on growing its enterprise business, and claimed that two-thirds of Fortune 500 companies are now using its product. Its customers include Microsoft, NVIDIA, and Deutsche Telekom.
He also said apps created by users on the platform are together attracting nearly a billion views per month.
“You can use these tools [like Codex or Claude code] to output code. The difference is that Lovable does not output code. The output is a product, and increasingly so, a business. We do a lot of things around hosting, deployment, and scaling apps. We have close to a billion visits per month to the apps that we’ve created, which is an order of magnitude more than Lovable itself,” he said.
What to Watch
AI outlook — possibilities, not facts
Lovable will continue to grow its enterprise customer base and revenue over the next 6-12 months
Likely · Within months
Open Questions
- What is Lovable's current valuation?
- How many enterprise customers does Lovable have?
- What is the breakdown of revenue between consumer and enterprise segments?
