Lovable, a Swedish AI startup, has achieved over $100 million in annual recurring revenue and boasts 2.3 million active users, including 180,000 paying subscribers. Founded in November 2023 by Anton Osika and Fabian Hedin, Lovable aims to democratize software development, enabling non-coders to realize their ideas through an AI-powered app development platform.
Its standout product, GPT Engineer, is an open-source tool demonstrating how large language models (LLMs) can generate functional code from simple prompts. Following its early success, Lovable introduced GPT Engineer.APP, catering to non-technical users and simplifying app creation.
This platform allows anyone to create web applications using natural language, eliminating traditional coding complexities. By integrating coding, deployment, and collaboration into a single interface, Lovable empowers users to develop anything from simple websites to complex web applications, contributing significantly to its rapid growth and user satisfaction.
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