Anton Osika, founder of the vibe coding platform Lovable, announced that the company has reached $100 million in annual recurring revenue (ARR) within eight months of launch — a pace faster than companies like OpenAI, Cursor, and Wiz, according to Osika.
For comparison, Cursor, according to research from Sacra, reached $100 million in annual recurring revenue (ARR) within 21 months of its inception. It took Cursor 12 months to reach this figure from $1 million ARR.
Lovable allows users to build websites and apps using natural language prompts. The company claims over 2.3 million active users, with more than 180,000 of them now paying subscribers.
In a LinkedIn post, Osika also announced a major product update introducing Lovable Agent, which he said cuts error rates by 91%. The new system replaces the older straight-line workflow with a more iterative, autonomous process.
Osika said that the old Lovable helped them go from $1M to $100M ARR. “Today’s update will (hopefully) take us to $1B.”
To mark the milestone, Lovable is offering $100 in free credits and a 16-page prompt engineering guide.
“Old Lovable tried to do everything in a single step,” Osika wrote. “New Lovable Agent works more like a real developer by breaking down the problem, exploring the codebase, and making edits. After making an edit, it reviews the results, re-evaluates its approach, and keeps refining until it’s done.”
The upgraded agent has access to tools that allow it to take actions between steps, including reading and editing files, running web searches, generating images, reading logs, and querying databases.
Osika added that the update enables Lovable to tackle more ambitious requests and support product-grade development. “It should feel like you’re now working with a senior developer,” he said.
Lovable recently raised $200 million in a Series A funding round led by Accel, pushing its valuation to $1.8 billion.
The company currently operates with a team of 45 full-time employees. The Series A round also attracted a long list of angel investors, including Klarna CEO Sebastian Siemiatkowski, Remote CEO Job van der Voort, Slack co-founder Stewart Butterfield, and HubSpot co-founder Dharmesh Shah
Several customers have already built businesses using Lovable.
Caio Moretti reportedly made $3 million in revenue within 48 hours of launching a product built on the platform. Another user, Jameel, reached $90,000 in ARR with a tool built for restaurant owners.
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