Loveable, a coding startup founded in 2023, aims to achieve $1 billion in annual recurring revenue within the next year. The company is currently growing at a rate of at least $8 million in ARR monthly. As of eight months after its first million, it surpassed $100 million in ARR and projects to reach $250 million by year-end. The company holds a valuation of $1.8 billion and has raised $200 million in a Series A funding round, indicating strong investor confidence in its growth trajectory.
Loveable, a coding startup, aims to achieve $1 billion in annual recurring revenue within the next year, fueled by rapid growth of $8 million in ARR each month.
The company reached $100 million in annual recurring revenue just eight months after its initial $1 million, showcasing significant scalability and market demand in the tech industry.
Anton Osika, Loveable's CEO, indicated that the company is on track to reach $250 million in ARR by year-end and emphasizes ambitious growth strategies.
Founded in 2023, Loveable has become a significant player in AI, attaining a $1.8 billion valuation and successfully completing a $200 million Series A funding round.
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