Lovable Crosses $600 Million in Annualized Revenue
Lovable has crossed $600 million in annualized revenue, according to TechCrunch. Cofounder Fabian Hedin disclosed the figure at the HumanX summit in Amsterdam, three months after the company reported about $500 million.
Hedin said Lovable is expanding its enterprise business and that people at two thirds of Fortune 500 companies use the platform. Its customers include Microsoft, Nvidia and Deutsche Telekom.
Apps created through Lovable receive nearly one billion views per month. Hedin said the company also handles hosting, deployment and scaling for the apps it creates.
Lovable raised $400 million in August at a $13.3 billion valuation. That followed a $300 million round in December at a $6.6 billion valuation.
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