Swedish AI company Lovable has achieved US$100 million in annual recurring revenue (ARR) in just eight months.

The company reports over 2.3 million active users globally, surpassing other firms such as OpenAI and Wiz in reaching this milestone.

Last week, Lovable completed a US$200 million series A funding round led by Accel.

This round saw participation from investors including 20VC, by Founders, Creandum, Hummingbird, and Visionaries Club.

Recent Lovable developments