Vibe coding startup Lovable goals to hit $1 billion in annual recurring income throughout the subsequent 12 months, in keeping with its CEO, Anton Osika.
Talking on Bloomberg TV on Thursday, Osika stated the corporate grows by at the very least $8 million in ARR every month. In a weblog put up written this summer season, the corporate stated it handed $100 million in ARR simply eight months after making its first $1 million. Osika informed Bloomberg Thursday the corporate is projecting to achieve $250 million in ARR by the top of this yr, and it hopes to achieve $1 billion throughout the subsequent 12 months.
Based in 2023, the corporate has turn into one in all Europe’s AI darlings. It hit a $1.8 billion valuation this summer season, elevating a $200 million Collection A.
This text was up to date to replicate the spelling of the corporate’s identify.