Lovable's AI App-Builder Reaches $200M RRR, Stays in Europe

Lovable, a Swedish tech startup, has experienced remarkable growth, reaching $200M in annual recurring revenue. Their AI-powered app-building product, vibe-coding, allows users to describe apps in simple language, and the AI writes the code. Growth comes from individual users introducing Lovable in workplaces, leading to large contracts. Lovable is expanding features for businesses, building an AI interface for tool customization. Despite San Franciscos allure, Lovable stayed in Europe, securing over $225M in VC funding, valued at $1.8B.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.