Lovable, the AI coding platform based in Stockholm, is rapidly growing as it approaches 8 million users, according to CEO Anton Osika. This marks a significant increase from the 2.3 million active users reported in July. Osika also mentioned that the platform sees around 100,000 new products being built on Lovable every day.
The startup has seen substantial growth, having raised a total of $228 million in funding, including a recent $200 million round that valued the company at $1.8 billion. Speculation has arisen about new investors looking to invest at a $5 billion valuation, but Osika stated that the company is not in need of additional capital at the moment.
Despite the impressive user numbers, concerns have been raised about the sustainability of the vibe coding trend. Research from Barclays and Google Trends data indicated a decline in traffic to popular services like Lovable. However, Osika emphasized that user retention remains strong, with over 100% net dollar retention.
Lovable originated from GPT Engineer, an open-source tool created by Osika that gained popularity among developers. The platform has a diverse user base, with Fortune 500 companies utilizing it for creativity enhancement, and individuals like an 11-year-old in Lisbon creating a Facebook clone.
Security is a priority for Lovable, especially in light of recent incidents involving data leaks from apps built with vibe coding tools. Osika mentioned that the company is actively hiring security engineers to ensure a secure coding environment for users.
When discussing competition from AI giants like OpenAI and Anthropic, Osika expressed a collaborative outlook, believing that there is room for multiple successful players in the market. He emphasized Lovable’s mission of providing a user-friendly platform for product development, aiming to streamline the software creation process.
Despite the company’s rapid growth and investor interest, Osika remains focused on building a cohesive team with a shared mission. He values a healthy work-life balance for his employees and prioritizes a supportive work culture within the company.
As Lovable continues to evolve and expand its user base, Osika’s vision for the platform remains centered on simplicity, creativity, and empowering users to bring their ideas to life efficiently.
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