Swedish vibe-coding unicorn Lovable has doubled its annual recurring revenue (ARR) to $200 million in just four months, co-founder and CEO Anton Osika said onstage at the Slush 2025 technology conference in Helsinki, Finland. Osika credited the AI-assisted coding software maker's decision not to move to Silicon Valley as the main reason for its success thus far. Osika said Lovable decided to stay in Europe despite getting a lot of early advice that the company would only be successful if it left the region and relocated to the U.S. 'It was tempting, but I really resisted that,' Osika said. 'I [can] sit here now and say, 'Look, guys, you can build a global AI company from this country.' There is more available talent if you have a strong mission, and you have a lot of urgency coming together as a group and working.' 'We just see all of these people in the community driving forward,' Osika said. 'They've been active voices on Discord for, I think, the last 1,000 hours, debating some...
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