""If you look at people who have accounts from enterprises, it's like half [of customers]," he told Fortune. "Most of it is coming from an individual who starts using Lovable and then brings it into the company. And then, in some cases, it's growing into a larger contract across the entire company and turning into multi-million-dollar deals.""
""We're living through one of those rare moments in time that people are going to talk about for decades, and I think we're transforming how humanity creates software," Osika said. "Everyone becomes a developer in the future.""
Lovable, founded in 2023, reached $200 million in annual recurring revenue using a month-to-annualized ARR calculation. The company launched an AI-powered app-building platform in late 2024 that generates front-end, back-end, and database code from natural-language prompts. The product targets non-technical users and developers via a chat-based interface and a subscription model with paid advanced features. Individual users often introduce the tool into enterprises, and some usage expands into multi-million-dollar company-wide contracts. The company emphasizes democratizing software engineering through "vibe-coding" and is pursuing a larger enterprise customer base while serving many casual creators.
Read at Fortune
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