Swedish AI programming tool Lovable's annual recurring revenue surpasses $400 million

GateNews

2026-03-12 13:01:30

Gate News Report, March 12 — Swedish startup Lovable’s annual recurring revenue has reached $400 million, as both corporate and individual users flock to AI tools that make programming easy for beginners. Lovable CEO Anton Osika said this progress is five months ahead of the original forecast. Founded in 2023, Lovable is part of a group of Vibe Coding startups that enable users to quickly create prototypes of applications and websites through natural language prompts.

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