Lovable, the AI-powered “vibe coding” platform, has crossed $600 million in annual run-rate revenue, according to co-founder Fabian Hedin, speaking at the HumanX summit in Amsterdam. That figure was around $500 million as recently as June, showing rapid momentum. Hedin said the startup has shifted focus toward its enterprise business and claimed that two-thirds of Fortune 500 companies now use the product. Named customers include Microsoft, NVIDIA, and Deutsche Telekom.

A key differentiator, Hedin argued, is that Lovable does not simply output code like developer tools such as Codex or Claude Code. Instead, it outputs a full product, and increasingly a business, by handling hosting, deployment, and scaling around the generated apps. He said apps built by users on the platform collectively attract close to one billion views per month, an order of magnitude more traffic than Lovable itself receives.

The company’s funding history reflects that growth. Lovable has raised more than $700 million in two rounds just eight months apart: $300 million from Menlo Ventures and CapitalG in December at a $6.6 billion valuation, followed by $400 million from Menlo Ventures and the Scaleup Europe Fund in August at a $13.3 billion valuation. The article does not disclose profitability or specify how the Fortune 500 claim was measured, so those numbers should be read as company statements rather than independently verified figures.