AI coding startup Lovable has surpassed a $600 million annualised revenue run rate, marking another sharp step up in growth for the vibe-coding platform as it expands its enterprise business.
Co-founder Fabian Hedin disclosed the figure at the HumanX summit in Amsterdam on Thursday, September 24, 2026. The latest run rate is up from around $500 million in June, highlighting the rapid growth of the platform.
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Lovable has increasingly focused on businesses beyond individual developers and startups. According to TechCrunch, Hedin said the company is now used by around two-thirds of Fortune 500 companies, with Microsoft, Nvidia and Deutsche Telekom among its customers.
The platform is also seeing significant activity from applications created by its users. Hedin said those apps collectively receive nearly one billion visits each month, an order of magnitude more than Lovable itself.
The company's positioning also goes beyond AI coding assistants. Hedin said tools such as Codex and Claude Code primarily generate software code, while Lovable aims to produce a working product and increasingly an entire business around it.
The company handles areas including hosting, deployment and application scaling, extending the platform beyond code generation.
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Lovable's rapid growth has been accompanied by a major increase in its valuation. The startup has raised more than $700 million across two funding rounds within eight months.
In December, Lovable raised $300 million from Menlo Ventures and CapitalG at a $6.6 billion valuation. The company then secured another $400 million in August from Menlo Ventures and the Scaleup Europe Fund, lifting its valuation to $13.3 billion.
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