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European AI app-building startup Lovable has surpassed $500 million in annualized revenue run rate, up from $400 million reported in February 2026.
Lovable is an AI-powered app builder for creating software from natural language prompts.
Lovable launches AI app builder mobile app, enabling prompt-based coding while complying with Apple’s stricter App Store rules on dynamic code execution.
Modelence, a Y Combinator-backed startup, raised $3 million to streamline AI app development by simplifying hosting, authentication, and database integration for developers.
Swedish vibe coding startup Lovable raised $330 million in Series B funding at a $6.6 billion valuation, reflecting rapid growth driven by AI-powered app development.
Empromptu raised $2M to let nontechnical business users create production-ready AI apps, combining agentic automation with governance and integration for regulated and complex industries.
Swedish AI coding unicorn Lovable has doubled its annual recurring revenue to $200 million in four months, leveraging Europe-based operations and its open-source community.