Markets & Business
Lovable's annualized revenue tops $600M as vibe coding surges
Lovable's co-founder said the vibe-coding startup's annualized revenue crossed $600 million, up from around $500 million in June, as its enterprise business expands.
Lovable has crossed $600 million in annualized revenue, up from around $500 million in June, co-founder Fabian Hedin said Thursday at the HumanX summit in Amsterdam.
Hedin said the vibe-coding platform has focused on growing its enterprise business, and claimed that two-thirds of Fortune 500 companies now use the product. Its customers include Microsoft, Nvidia, and Deutsche Telekom. He also said apps built 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,” Hedin said. “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.”
The company has raised more than $700 million across 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, it raised $400 million from Menlo Ventures and the Scaleup Europe Fund at a $13.3 billion valuation.
Why it matters
Lovable’s growth to $600 million in annualized revenue, with two-thirds of the Fortune 500 among its users, signals that enterprises are treating AI coding platforms as production infrastructure rather than experiments, even as it competes with coding-agent tools like Codex and Claude Code for the same underlying developer workflows.