Lovable's annualized revenue crossed $600 million, up $100 million in three months from $500 million in June, co-founder Fabian Hedin said at the HumanX conference in Amsterdam, according to TechCrunch and The Next Web.
Hedin said employees at roughly two-thirds of Fortune 500 companies now use the AI app-building platform, often adopting it on their own rather than through a company-wide rollout, The Next Web reported. Customers include Microsoft, Nvidia and Deutsche Telekom, which has built more than 2,000 applications on Lovable, according to The Next Web.
Apps built on Lovable draw nearly 1 billion monthly views combined, "an order of magnitude more than Lovable itself," Hedin said, according to TechCrunch. He said the platform differs from code-generation tools because it delivers a hosted, deployable product rather than raw code, according to both outlets.
Lovable has raised more than $700 million in two rounds eight months apart: $300 million in December 2025 at a $6.6 billion valuation, and $400 million in August 2026 at a $13.3 billion valuation, both led by Menlo Ventures, according to TechCrunch.
A $600 million run rate for a product that writes code from a prompt is a real number, not a hype number, and it says the ceiling for these tools is higher than "prototype fast, then hand off to real developers." Whether that revenue holds up as the AI app-building market gets more crowded is the thing to watch next.