Swedish AI startup Lovable says it has surpassed $100mn in annual recurring revenue (ARR) just eight months after launch. This makes it the fastest-ever software company to reach the milestone — eclipsing the historically rapid growth rates of companies such as Cursor and Wiz. Lovable’s rise stems from the popularity of its generative AI platform. The system allows non-technical users to build apps or websites based on simple text prompts. The platform is the brainchild of Anton Osika, who co-founded Lovable in 2023. “I decided what we needed to do is build for the 99% who do not create software,” he…
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