Lovable's annualized revenue reportedly crosses $600 million · Digg

Lovable's annualized revenue reportedly crosses $600 million

Co-founder Fabian Hedin says apps built on the platform draw nearly one billion visits a month as Lovable pushes further into enterprise use.

1 Source, 5h ago, first seen 5h ago

Lovable co-founders Fabian Hedin and Anton Osika pose together in a company portrait.

TLDR

Lovable has crossed $600 million in annual run-rate revenue, co-founder Fabian Hedin said at the HumanX summit in Amsterdam, according to TechCrunch. That is up from roughly $500 million in June, though annualized revenue projects the latest pace across a full year rather than reporting completed yearly sales. Hedin also said apps made with Lovable collectively receive nearly one billion visits a month and that two-thirds of Fortune 500 companies use the product. The startup raised $700 million across two rounds in the past eight months.

Featured Source

Lovable has crossed $600 million in annual run-rate revenue, co-founder Fabian Hedin said at the HumanX summit in Amsterdam on September 24, according to TechCrunch.

That figure is up from roughly $500 million in June. Annual run-rate revenue extrapolates a company's current revenue pace over 12 months, so it is a snapshot of momentum rather than audited sales already collected across a full year.

Hedin said Lovable is focusing on enterprise growth and claimed that two-thirds of Fortune 500 companies now use the product. TechCrunch identified Microsoft, Nvidia and Deutsche Telekom as customers. The company did not provide a breakdown of paid seats, enterprise contract values or how much of the $600 million rate comes from larger customers.

The company wants to own more than code generation

Lovable lets people build and deploy software through conversational prompts. Hedin contrasted it with coding assistants that primarily output code, arguing that Lovable also handles hosting, deployment and application scaling.

He said apps created on the platform collectively receive nearly one billion visits per month. That figure describes traffic to users' projects, not visits to Lovable's own website, and remains a company-provided measurement.

Lovable has also raised more than $700 million in two rounds eight months apart. TechCrunch reports that the company raised $300 million at a $6.6 billion valuation in December, followed by $400 million at a $13.3 billion valuation in August. The revenue update gives investors a new growth marker after that rapid expansion, while leaving profitability and customer-retention figures undisclosed.

Lovable's annualized revenue reportedly crosses $600 million

Co-founder Fabian Hedin says apps built on the platform draw nearly one billion visits a month as Lovable pushes further into enterprise use.

1 Source, 5h ago, first seen 5h ago

TLDR

Featured Source

Lovable has crossed $600 million in annual run-rate revenue, co-founder Fabian Hedin said at the HumanX summit in Amsterdam on September 24, according to TechCrunch.

The company wants to own more than code generation

1 Source

@TechCrunchLovable co-foudner Fabian Hedin said that apps created on the platform are getting nearly a billion monthly views each month. https://spr.ly/6011BG9LBS

Combined views

34.3K

1 Source, first seen 5h ago

51 likes

Lovable's annualized revenue reportedly crosses $600 million

TLDR

The company wants to own more than code generation

Lovable's annualized revenue reportedly crosses $600 million

TLDR

The company wants to own more than code generation

1 Source

Combined views

The company wants to own more than code generation

The company wants to own more than code generation

Combined views

Sentiment

Summary

Sentiment

Summary

Sentiment

Summary

1 Source

Sentiment

Summary