Swedish AI startup Lovable says it has surpassed $100mn in annual recurring revenue (ARR) just eight months after launch. That makes it the fastest-growing software startup ever \u2014 eclipsing the historically rapid growth rates of companies such as <\/span>Cursor<\/span><\/a> and <\/span>Wiz<\/span><\/a>.\u00a0<\/span><\/p>\n Lovable\u2019s rise stems from the popularity of its generative AI platform. The system allows non-technical users to build app<\/a>s or websites based on simple text prompts.\u00a0<\/span><\/p>\n The platform is the brainchild of Anton Osika, who co-founded Lovable in 2023.<\/span><\/p>\n \u201cI decided what we needed to do is build for the 99% who do not create software,\u201d he told TNW in April.\u00a0<\/span><\/p>\n TNW City Coworking space – Where your best work happens<\/p>\n A workspace designed for growth, collaboration, and endless networking opportunities in the heart of tech.<\/p>\n<\/div>\n<\/div>\n By allowing non-technical founders to create successful businesses without any prior coding or software experience, Osika believes the company is \u201cunlocking a new economy.\u201d\u00a0<\/span><\/p>\n Lovable has now reached over 2.3 million active users and seen more than 10 million projects built on its platform. According to the company, more than 100,000 new projects are being created each day.<\/span>\u00a0<\/span><\/p>\n Last week, Lovable announced a $200mn Series<\/a> A round led by Accel, with participation from 20VC, byFounders, Creandum, Hummingbird, and Visionaries Club. The funding valued the startup at $1.8bn and ranks among the largest Series A rounds ever raised by a European company.<\/span><\/p>\n Lovable also revealed it is now \u201cfully agentic,\u201d giving the platform the ability to \u201cthink through problems, make plans, and proactively take actions like a real developer.\u201d The upgrade enables Lovable to search the web for content, debug code, and edit applications with full context \u2014 all without human intervention.<\/span><\/p>\n The company has also launched a Business Plan offering \u201centerprise-grade security, privacy, and control,\u201d which includes features like reusable templates, self-serve SSO, private projects, and data opt-out. Early customers include Klarna, Hubspot, and Photoroom.<\/span><\/p>\n \u201cDespite our rapid growth, we are still just beginning to understand what this means for people and businesses around the world,\u201d Osika said in a statement. \u201cAI is unlocking the potential for people to build easily, create new companies at an unprecedented rate, and have a positive impact on the world.\u201d<\/span><\/p>\n<\/p><\/div>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more like this article, you can visit our Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n
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