According to CEO Anton Osika, Vibe Coding Startup Lovable aims to achieve $1 billion in annual recurring revenue within the next 12 months.
Speaking on Bloomberg TV on Thursday, Osica said the company will increase at least $8 million a month. In a blog post written this summer, the company said it had passed the ARR of $100 million just eight months after earning its first $1 million. Osika told Bloomberg Thursday that the company expects to reach $250 million by the end of this year and hopes to reach $1 billion within the next 12 months.
Founded in 2023, the company has become one of the European AI darlings. This summer, it reached a $1.8 billion valuation and raised a $200 million Series A.
This article has been updated to reflect the spelling of the company’s name.
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