Lovable passes $600M annualized revenue, up $100M since June
TechCrunch·medium signal
Co-founder Fabian Hedin told TechCrunch that Lovable crossed $600M in annualized revenue, up from $500M in June. Apps built on the platform draw close to a billion views a month. Two-thirds of Fortune 500 companies have users on it, including Microsoft, Nvidia and Deutsche Telekom. The company has raised more than $700M, most recently $400M at a $13.3B valuation in August. Hedin's framing is that 'Lovable does not output code. The output is a product,' which positions Lovable against IDE-centric coding agents.