tech
Vibe coding platform Lovable becomes fastest-growing software startup ever
Swedish AI startup Lovable says it has surpassed $100mn in annual recurring revenue (ARR) just eight months after launch. This makes it the fastest-ever software company to reach the milestone — eclipsing the historically rapid growth rates of companies such as Cursor and Wiz.
TL;DR
- Lovable, a Swedish AI startup, has surpassed $100 million in annual recurring revenue (ARR) within eight months of launch.
- The company's generative AI platform allows non-technical users to create apps and websites from text prompts.
- Lovable has over 2.3 million active users and 10 million projects built on its platform.
- The startup raised a $200 million Series A round, valuing it at $1.8 billion.
- The platform is now "fully agentic," capable of independent problem-solving, planning, and taking actions like a developer.
- Lovable has launched a Business Plan with enterprise-grade security and features for business customers like Klarna and Hubspot.