Lovable projects $1B ARR, hits $1.8B valuation as AI darling

Lovable, a “vibe coding” startup, is setting its sights on an ambitious target: achieving $1 billion in annual recurring revenue (ARR) within the next 12 months. This bold projection comes directly from CEO Anton Osika, who shared the company’s aspirations during a recent appearance on Bloomberg TV.

According to Osika, Lovable is currently expanding its ARR by at least $8 million each month, demonstrating a remarkable growth trajectory. This rapid scaling follows an already impressive track record; a company blog post published this summer revealed that Lovable surpassed $100 million in ARR a mere eight months after securing its first $1 million. Building on this momentum, Osika further informed Bloomberg that the company anticipates reaching $250 million in ARR by the close of the current year, a significant stepping stone towards its ultimate $1 billion goal.

Founded in 2023, Lovable has swiftly emerged as one of Europe’s most talked-about artificial intelligence ventures. Its meteoric rise was underscored this summer when it commanded a substantial $1.8 billion valuation, a clear indicator of strong investor confidence in its innovative approach and explosive market penetration. This valuation was cemented by a successful $200 million Series A funding round, firmly establishing Lovable as a formidable player in the increasingly competitive AI landscape. The company’s projections, if realized, would mark an unprecedented growth story in the tech sector, positioning it among the fastest-growing enterprise software firms globally.