Lovable has crossed $600 million in annual run-rate revenue, according to co-founder Fabian Hedin. He shared the figure on Thursday at the HumanX summit in Amsterdam.
Lovable is a vibe-coding platform. It lets users build apps and online products by describing what they want to an AI tool.
The new number marks steady growth for the company. In June, Lovable said its annualized revenue was around $500 million.
That means the startup added about $100 million in run-rate revenue in roughly three months.
Enterprise Push Drives Growth
Hedin said Lovable has focused on growing its enterprise business. Its customers include Microsoft, Nvidia, and Deutsche Telekom.
He also explained how Lovable differs from other AI coding tools. He named Codex and Claude Code as examples of tools that produce code for users.
"The difference is that Lovable does not output code. The output is a product, and increasingly so, a business," Hedin said.
He added that Lovable handles hosting, deployment, and scaling for the apps people build on its platform.
According to Hedin, apps made by Lovable users now draw close to a billion visits per month. He said that is an order of magnitude more traffic than Lovable's own website receives.
Two Funding Rounds in Eight Months
Lovable has raised more than $700 million across two funding rounds. The rounds came just eight months apart.
Last December, the company raised $300 million from Menlo Ventures and CapitalG. That round valued Lovable at $6.6 billion.
In August, it raised another $400 million from Menlo Ventures and the Scaleup Europe Fund. The valuation in that round was $13.3 billion.
The August deal roughly doubled the company's value compared with its December round.
The latest revenue update came about six weeks after that $400 million raise closed.
During his talk, Hedin also spoke about Lovable's reach among the largest U.S. companies. The Fortune 500 is a yearly list of the biggest American firms by revenue.
Lovable later clarified his remarks. The company said Hedin meant to say that people at two-thirds of Fortune 500 companies are using the platform.
