Lovable's Annual Revenue Hits $600M, Driven by Vibe Coding Adoption

Lovable's annual run-rate revenue has surged to $600 million, up from $500 million reported in June. The company has attracted significant interest from major clients, including Microsoft, Nvidia, and Deutsche Telekom, with two-thirds of Fortune 500 companies now utilizing its products. In December, Lovable raised $300 million from investors Menlo Ventures and CapitalG, achieving a valuation of $6.6 billion. This was followed by an additional $400 million in August from Menlo Ventures and the Scaleup Europe Fund, boosting its valuation to $13.3 billion. Lovable's platform is experiencing nearly 1 billion monthly views of apps created by its users. Co-founder Fabian Hedin noted that the output from their platform is increasingly viewed as a business. This follows a trend of growing interest in vibe coding, which is reshaping how applications are developed and deployed.