The growth of the AI programming platform Lovable continues. At the HumanX summit in Amsterdam on September 24, co-founder Fabian Hedin stated that Lovable’s annualized revenue has surpassed $600 million, up from approximately $500 million disclosed in June this year.
Enterprise clients continue to grow
Lovable has recently focused on expanding its enterprise business. Hedin stated that two-thirds of the Fortune 500 companies are already using its products, with clients including Microsoft, NVIDIA, and Deutsche Telekom.
He explained that Lovable differs from some code generation tools in that its goal is not just to output code, but to directly help users generate runnable products, covering aspects such as hosting, deployment, and application scaling.
The user application receives nearly 1 billion monthly visits.
Hedin also noted that applications created by platform users now collectively receive nearly one billion visits per month. This volume of traffic significantly exceeds that of Lovable’s own platform, indicating that the product’s strength is increasingly evident in the distribution and usage of user-generated applications.
Completed two funding rounds within eight months
In the capital markets, Lovable has completed two rounds of financing over the past eight months, raising a total of over $700 million.
- Raised $300 million in funding in December 2025
- At the time, the company was valued at $6.6 billion.
- Secured an additional $400 million in funding in August 2026
After the second round of funding, Lovable's valuation rose to $13.3 billion, doubling from the previous round. As AI programming tools accelerate their adoption in enterprise settings, competition in this space continues to intensify.