This Startup Is Adding $15M a Month--and Says $1B Is Just 12 Months Away

Lovable may have called itself the world's fastest-growing startup in Julybut that might've been just the warm-up. The Swedish AI newcomer is now adding $8 million to $15 million in annualized recurring revenue every month, with CEO Anton Osika stating the company is on pace to hit $250 million ARR by year-end and targeting $1 billion within the next 12 months. Founded in late 2023, Lovable reached a $1.8 billion valuation after its July funding round and now serves around 250,000 paying customers, many of whom use its no-code platform to build apps and websites without writing a line of code.

What sets Lovable apart isn't just growth speedit's where it's positioned in the AI stack. While the company leverages foundational models from OpenAI, Anthropic, and Google GOOG, it's also moving up the value chain and starting to compete with them. Osika told Bloomberg that Lovable was an early tester of OpenAI's new GPT-5 model but isn't worried about overlap. Instead, he pointed to Lovable's broader offering, which includes QA, security, and end-to-end functionality, not just code generation. It helps you do much more than just write the code, he said, pushing back on the idea that GPT-5 might compress the company's runway.

As AI startups continue to wrestle with tech giant pressure, Lovable is signaling that it won't be one of those quietly acqui-hired. Osika made it clear he'd reject a buyout offer, referencing last month's backlash over Windsurf's leadership defecting to Google. Lovable, he said, is not cash constrained and may raise again next yearbut on its own terms. Investors tracking the next phase of AI infrastructure plays may want to watch how Lovable navigates the tension between hyperscaler dependence and platform independence.