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. It is the company's first major revenue milestone since its last update in June.
Lovable reported nearly $600 million in annualized revenue, measured across its enterprise business and app usage. That compares with $500 million in June, showing a significant increase in the company's valuation. The key figure highlights the platform's growing influence in the tech industry.
The vibe-coding platform is built on a proprietary infrastructure that supports hosting, deployment, and scaling of apps. It targets developers and enterprises looking to streamline application creation and management. Availability of the platform's advanced features began in June, initially for Fortune 500 companies.
"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," said Fabian Hedin, co-founder of Lovable.
The platform's focus on delivering finished products rather than just code has driven its success.
The announcement follows Lovable’s $700 million in funding over two rounds, with a $13.3 billion valuation in August. The company’s growth is framed as a testament to its unique approach to app development and business creation.
Lovable did not say how it plans to scale further, and the open question remains about its long-term strategy. The company said it will continue to focus on enterprise growth and product innovation.
Source: techcrunch
