Lovable, a vibe coding startup, aims to reach $1 billion in annual recurring revenue within the next 12 months, according to CEO Anton Osika. During an interview on Bloomberg TV, Osika revealed that the company grows by at least $8 million in ARR each month.
In a blog post published earlier this summer, the company shared that it achieved $100 million in ARR just eight months after hitting its first $1 million. Osika further stated that Lovable is on track to reach $250 million in ARR by the end of this year, with the ambitious goal of hitting $1 billion in the next 12 months.
Founded in 2023, Lovable has quickly become one of Europe’s most prominent AI startups. This summer, the company reached a $1.8 billion valuation after raising a $200 million Series A funding round.
This article has been updated to correct the spelling of the company’s name.