Lovable has crossed annual run-rate revenue of $600 million, the company's co-founder Fabian Hedin said at the HumanX summit in Amsterdam on Thursday. The vibe-coding platform in June said that number was around $500 million. Hedin said the startup has focused on growing its enterprise business, and claimed that two-thirds of Fortune 500 companies are now using its product. Its customers include Microsoft, Nvidia, and Deutsche Telekom. 'You can use these tools [like Codex or Claude code] to output code. The difference is that Lovable does not output code. The output is a product, and increasingly so, a business. We do a lot of things around hosting, deployment, and scaling apps. We have close to a billion visits per month to the apps that we've created, which is an order of magnitude more than Lovable itself,' he said. The company has raised over $700 million in two rounds just eight months apart. Last December, it raised $300 million from Menlo Ventures and CapitalG at a $6.6...
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