At the HumanX summit in Amsterdam, Lovable co-founder Fabian Hedin said the vibe-coding platform has crossed $600 million in annualized revenue, up from around $500 million in June. Hedin credited growth to an enterprise push, claiming that two-thirds of Fortune 500 companies now use Lovable, including Microsoft, Nvidia, and Deutsche Telekom.
Hedin said apps created by users on the platform are drawing close to a billion visits per month. "The difference is that Lovable does not output code. The output is a product, and increasingly so, a business," he said, adding that Lovable handles hosting, deployment, and scaling rather than just code generation.
The startup has raised more than $700 million in two rounds eight months apart: $300 million last December at a $6.6 billion valuation, and $400 million this August at a $13.3 billion valuation. These figures come from TechCrunch's report of Hedin's remarks at the event.