Lovable Passes $600M in Annual Run-Rate Revenue as Enterprise Adoption Grows
By James Dargan · · 1 min read
AI vibe-coding platform Lovable has surpassed $600 million in annual run-rate revenue, co-founder Fabian Hedin said at the HumanX summit in Amsterdam on Thursday, up from around $500 million reported in June.
Hedin said the company has concentrated on expanding its enterprise business, and that people at two-thirds of Fortune 500 companies now use the platform. Customers include Microsoft, Nvidia and Deutsche Telekom.
He set Lovable apart from AI coding tools such as Codex and Claude Code, explaining that while those tools output code, Lovable delivers finished products and increasingly full businesses. He said the company handles hosting, deployment and scaling, and that apps built on the platform now draw close to a billion visits a month, an order of magnitude more traffic than Lovable itself receives.
The startup has raised more than $700 million across two rounds eight months apart. In December, it secured $300 million from Menlo Ventures and CapitalG at a $6.6 billion valuation, followed in August by $400 million from Menlo Ventures and the Scaleup Europe Fund, which doubled its valuation to $13.3 billion.
