Swedish AI rocket Lovable passes $10 million, or SEK 110 million, in annual recurring revenue, two months after launch. It was one of the founders of the company, Anton Osika, who announced this on X/ Twitter last night.
Osika (left in the picture) is the founder of Lovable together with Fabian Hedin.
As early as December, Lovable described itself as the fastest growing startup company in Europe ever, with $4 million in annually recurring revenue in just 4 weeks. Osika brings in a thread on X/Twitter also an explanation for the growth and why Lovable's AI model is better than that of its competitors.
AI profilers Anton Osika and Fabian Hedin recently secured more than SEK 80 million for their creation Lovable. The company also has more than 10 positions advertised at present.
Earlier in January, Lovable ran into a challenge when Github suspended the company's account. However, after an active dialogue between Github and Lovable's management, strongly supported by Lovable's more than 500,000 users, access to Github was reopened.
By using Lovable's AI tools, a user can go from an idea to an app in just a few seconds. The company's mission is to democratize software development; the Stockholm-based startup is redefining the boundaries of what is possible in AI and innovation.
Swedish AI rocket Lovable passes $10 million, or SEK 110 million, in annual recurring revenue, two months after launch. It was one of the founders of the company, Anton Osika, who announced this on X/ Twitter last night.
Osika (left in the picture) is the founder of Lovable together with Fabian Hedin.
As early as December, Lovable described itself as the fastest growing startup company in Europe ever, with $4 million in annually recurring revenue in just 4 weeks. Osika brings in a thread on X/Twitter also an explanation for the growth and why Lovable's AI model is better than that of its competitors.
AI profilers Anton Osika and Fabian Hedin recently secured more than SEK 80 million for their creation Lovable. The company also has more than 10 positions advertised at present.
Earlier in January, Lovable ran into a challenge when Github suspended the company's account. However, after an active dialogue between Github and Lovable's management, strongly supported by Lovable's more than 500,000 users, access to Github was reopened.
By using Lovable's AI tools, a user can go from an idea to an app in just a few seconds. The company's mission is to democratize software development; the Stockholm-based startup is redefining the boundaries of what is possible in AI and innovation.
