Loveable AI Startup Targets $1B ARR, Reaches $1.8B Valuation

Loveable, an emerging “vibe coding” startup, has set an exceptionally ambitious target: to achieve $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 outlook during a recent appearance on Bloomberg TV.

Osika elaborated on the company’s remarkable growth trajectory, revealing that Loveable is currently expanding its ARR by a minimum of $8 million each month. This consistent upward trend builds on an already impressive track record. According to a company blog post published earlier this summer, Loveable surged past the $100 million ARR mark a mere eight months after securing its initial $1 million in recurring revenue. Looking ahead, Osika confirmed the company’s internal projections anticipate reaching $250 million in ARR by the close of this year, laying the groundwork for the more audacious $1 billion goal within the subsequent 12 months.

Since its inception in 2023, Loveable has rapidly ascended to prominence, cementing its status as one of Europe’s most captivating artificial intelligence “darlings.” This swift rise is further underscored by its financial milestones. Just this summer, the company commanded a valuation of $1.8 billion, following a successful $200 million Series A funding round. Such a significant investment and valuation so early in its lifecycle reflect strong investor confidence in its innovative “vibe coding” approach and its potential to disrupt the market.