Lovable Says It’s Nearing 8 Million Users as the Year-Old AI Coding Startup Eyes More Corporate Employees

Why It Matters

The rapid user growth and strong revenue traction signal that AI‑driven low‑code platforms are moving beyond developer circles into mainstream enterprise workflows, potentially reshaping software development economics. Continued investment in security and corporate sales could cement Lovable as a key player in the burgeoning no‑code/low‑code market.

Summary

Lovable, the Stockholm‑based AI coding platform founded a year ago, is approaching 8 million users, up from 2.3 million in July, and reports 100,000 new products built daily. The company, which raised $228 million—including a $200 million Series round that valued it at $1.8 billion—hit $100 million in annual recurring revenue in June and now employs over 100 staff, adding senior talent from San Francisco. While Barclays research notes a 40% traffic dip since its peak, Lovable claims over 100% net‑dollar retention and is bolstering security capabilities amid concerns over data leaks. More than half of Fortune 500 firms use the tool, and the startup is positioning itself for broader corporate adoption despite competition from OpenAI and Anthropic.