Lovable says it has hit $500M in annualized revenue, with 1 million new projects a week

# AI Startup Lovable Hits Major Growth Milestone Lovable, a tool that lets people build software applications using AI instead of hiring developers, says it's now generating $500 million a year in revenue—a striking achievement for a relatively young company. The platform's popularity suggests that businesses are increasingly comfortable using AI to create their own custom software rather than paying for traditional development teams. With over a million new projects being created weekly, Lovable appears to be tapping into real demand from companies looking for faster and cheaper ways to build the tools they need.