Labable’s annual run-rate revenue has exceeded $600 million, company co-founder Fabian Hedin said Thursday at the HumanX Summit in Amsterdam. The Vibe coding platform announced in June that the amount was approximately $500 million.
Hedin claimed that the startup is focused on growing enterprise businesses, with two-thirds of Fortune 500 companies currently using its products. The company’s customers include Microsoft, Nvidia, and Deutsche Telekom.
He also said that user-created apps on the platform collectively garner nearly 1 billion views per month.
“You can use these tools (such as Codex or Claude code) to output code. The difference is that Lovable does not output code. The output is a product, and increasingly a business. We do a lot of work around hosting, deploying, and scaling apps. The apps we create receive close to 1 billion visits per month, which is an order of magnitude more than Lovable itself,” he said.
The company raised over $700 million in two rounds in just eight months. Last December, the company raised $300 million from Menlo Ventures and CapitalG at a valuation of $6.6 billion. And in August of this year, the startup raised $400 million from Menlo Ventures and Scaleup Europe Fund at a valuation of $13.3 billion.
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