Lovable, a rapidly growing AI-powered vibe coding platform, has achieved over $500 million in annualized revenue run rate, showcasing significant momentum since surpassing $400 million ARR earlier in the year.

The company, founded in late 2023, attributes its growth to its user base of non-technical founders, designers, and salespeople building projects like websites, e-commerce platforms, and internal tools.

It has powered over 50 million projects, with usage accelerating to one million new projects per week.

While significant progress is evident, questions remain about the sustainability and maintenance of AI-built software as Lovable's platform matures.