Lovable says annualized revenue has surpassed $600 million

Lovable co-founder Fabian Hedin said at the HumanX summit that the natural-language coding platform has surpassed $600 million in annualized revenue, up from around $500 million reported by the company in June. Hedin claimed that two-thirds of Fortune 500 companies use the product, including Microsoft, Nvidia and Deutsche Telekom, and said user-created apps receive nearly 1 billion visits per month.

Hedin said Lovable differs from tools such as Codex and Claude Code by delivering products, rather than just code, while also handling app hosting, deployment and scaling. The startup has raised more than $700 million in two rounds: $300 million in December at a $6.6 billion valuation and $400 million in August at a $13.3 billion valuation.