Lovable, the AI-powered coding startup, is projecting it will hit $1 billion in annual recurring revenue (ARR) within the next 12 months, according to CEO Anton Osika.
Speaking on Bloomberg TV on Thursday, Osika revealed that the company is currently growing by at least $8 million in ARR each month. In a summer blog post, Lovable reported passing $100 million in ARR just eight months after hitting its first $1 million.
By the end of 2025, the company expects to reach $250 million in ARR, paving the way toward its billion-dollar goal.
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Founded in 2023, Lovable has quickly become one of Europe’s fastest-growing AI startups. It secured a $1.8 billion valuation earlier this year after raising a $200 million Series A.
This article has been updated to reflect the correct spelling of the company’s name.
