Vibe coding platform Lovable becomes fastest-growing software startup ever

Swedish AI startup Lovable says it has surpassed $100mn in annual recurring revenue (ARR) just eight months after launch. This makes it the fastest-ever software company to reach the milestone — eclipsing the historically rapid growth rates of companies such as Cursor and Wiz. 

Lovable’s rise stems from the popularity of its generative AI platform. The system allows non-technical users to build apps or websites based on simple text prompts. 

The platform is the brainchild of Anton Osika, who co-founded Lovable in 2023.

“I decided what we needed to do is build for the 99% who do not create software,” he told TNW in April. 

By allowing non-technical founders to create successful businesses without any prior coding or software experience, Osika believes the company is “unlocking a new economy.” 

Lovable has now reached over 2.3 million active users and seen more than 10 million projects built on its platform ...