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. 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.
The company has raised over $700 million in two rounds just eight months apart. Last December, it raised $300 million from Menlo Ventures and CapitalG at a $6.6 billion valuation. Then, this August, the startup raised $400 million from Menlo Ventures and the Scaleup Europe Fund at a $13.3 billion valuation.
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