At the TechBBQ conference in Copenhagen, Lovable’s CEO and co-founder Anton Osika said he isn’t concerned about the growing number of competitors in the vibe-coding space. He stressed that the company is focused on improving its platform and expanding its capabilities rather than being distracted by rivalry.
Lovable, founded in Sweden, has grown rapidly since launch. Within eight months, it surpassed $100 million in annual recurring revenue and secured a $200 million Series A funding round at a $1.8 billion valuation. Reports indicate that investors are showing interest in pushing for a Series B that could value the company at around $4 billion, though Osika has made it clear the company is not rushing into another raise.
Related: Lovable Hits $100million Annual Recurring Revenue in Just 8 Months.
The platform allows users, especially non-coders, to build apps and websites through natural language prompts. Beyond simple code generation, Lovable aims to become an end-to-end builder for startups, covering areas like payment setup, user research, and company incorporation.
In June, the company introduced an AI agent capable of tasks such as debugging, file reading, web searches, and image generation. Unlike some rivals, Lovable integrates multiple large language models, including Anthropic’s Claude and OpenAI’s GPT-5, giving it flexibility and reducing reliance on a single provider.
Despite the crowded field of AI-powered coding tools, Osika emphasized that Lovable’s priority is creating a seamless, reliable user experience. He believes this focus will strengthen customer loyalty and position the company for long-term growth.
