The Pulse
Lovable co-founder cites $600 million revenue pace at HumanX
Fabian Hedin said Lovable’s revenue had reached $600 million at HumanX, and cited use by two-thirds of Fortune 500 companies.
AI.info Team ·
Lovable co-founder Fabian Hedin told an audience at the HumanX summit in Amsterdam that the company’s current revenue had reached $600 million. The figure came from Hedin’s remarks at the event, not a separate company announcement. TechCrunch described it as annualized run-rate revenue and reported that Lovable had been at around $500 million in June.
Hedin spoke on Wednesday, September 23, in a session with Forbes senior editor Iain Martin. He also said two-thirds of Fortune 500 companies use Lovable, naming Microsoft, Nvidia and Deutsche Telekom among its customers. Those figures are Hedin’s claims; the session coverage did not provide a breakdown of revenue by customer type or confirm how many of those companies have paid contracts.
From generated code to hosted products
Hedin described Lovable as more than a tool that generates code. The company offers hosting, deployment and scaling for applications built on its platform, he said. In his account, the product is intended to let users build and run applications, rather than simply export code for use elsewhere.
“The difference, if you compare that with what Lovable does, is that Lovable does not output code. The output is a product,” said Fabian Hedin, Lovable co-founder and chief technology officer.
Hedin said applications created on Lovable attract close to a billion visits each month—about an order of magnitude more than Lovable’s own site. That figure refers to traffic across users’ apps, not the number of people using Lovable. He also said the company creates more than a million projects a week, a volume he described as too large for manual review.
Lovable uses AI to scan projects for security issues, Hedin said, including after users stop working on them. The system fixes critical flaws in dependencies and proposes fixes for other problems, according to his remarks. He said security teams have valid concerns about the large amount of new code that users can create, and described working with enterprise technology leaders on access, permissions and who can build applications.
Enterprise customers and app traffic
Hedin said employees often discover Lovable inside large companies before those companies engage with the vendor. He described companies approaching Lovable with thousands of applications built by staff and seeking help managing them. Deutsche Telekom, he said, has built more than 2,000 applications on the platform. He also named Microsoft and Nvidia as customers.
In describing how the tools are used, Hedin cited employees in finance, human resources, engineering, product and design. He gave an example of a sales leader at Uber Eats who built a tool to tailor restaurant pitches. A first version could take a few hours or a day, he said, with later changes taking about 10 minutes; similar changes previously could wait months in an engineering backlog.
The $600 million figure is a revenue pace, not evidence that Lovable has collected that amount during a completed 12-month period. The event remarks did not include audited financials or a revenue breakdown. Lovable has raised more than $700 million across two rounds, according to TechCrunch: a $330 million round at a $6.6 billion valuation last December and a $400 million Series C at a $13.3 billion valuation in August.