Lovable’s annualized revenue crosses $600M as vibe coding takes off

Lovable said its annualized revenue run rate has climbed past $600 million, co-founder Fabian Hedin announced at the HumanX summit in Amsterdam. The company had reported an approximate $500 million run rate in June, indicating a substantial increase over a few months.

Hedin attributed the growth to the startup's focus on its enterprise business and said roughly two-thirds of Fortune 500 companies are now using Lovable's platform. He named several corporate customers, including Microsoft, Nvidia and Deutsche Telekom.

On usage, Hedin said applications built and hosted on Lovable's platform collectively attract nearly a billion visits per month. He contrasted Lovable's approach with code-generation tools, saying the platform produces deployable products and handles hosting, deployment and scaling for creators.

Lovable has also raised more than $700 million in two funding rounds over an eight-month period. In December it secured $300 million from Menlo Ventures and CapitalG at a $6.6 billion valuation; in August it raised $400 million from Menlo Ventures and the Scaleup Europe Fund at a $13.3 billion valuation.