Lovable reaches $600 million in annualized revenue via AI platform

AI application platform Lovable has reached an annualized revenue run rate of $600 million, according to co-founder Fabian Hedin. Speaking at the HumanX summit in Amsterdam, Hedin noted that the company’s revenue increased by $100 million since June.

The startup has secured over $700 million in investment within eight months, bringing its valuation to $13.3 billion. Unlike traditional AI coding tools that provide raw code for manual debugging, Lovable utilizes a “vibe coding” approach that allows users to describe ideas in plain English to build, deploy, and host full software products in real time.

The platform has seen significant enterprise adoption, with approximately 67 percent of Fortune 500 companies using the tool. Notable customers include Microsoft, Nvidia, and Deutsche Telekom. Applications built on the platform reportedly receive nearly one billion views every month.