An application developed using Lovable, a platform for creating AI-driven apps, generated $3 million within 48 hours, as per CEO Anton Osika's LinkedIn post.
Qconcursos, a major education tech company in Brazil, utilized Lovable to build a premium educational platform in two weeks, attracting 500,000 paying users.
With Lovable, Qconcursos launched the new platform in a month with only two developers, rather than a full team of 30, and introduced a product with a database hosting 4 million questions and answers.
Lovable, set to raise $100 million at a $1.5 billion valuation, has achieved over $50 million in annual recurring revenue, serving 130,000 paying customers with subscription fees ranging from $25 for individuals to higher prices for enterprises.