Swedish AI startup Lovable achieves $120 million in revenue in just 3 months, creating a new miracle in the AI programming market.

Founded by Anton Osika and Fabian Hedin, the Swedish AI company Lovable has achieved a remarkable milestone of $17 million in annualized revenue growth in just three months, thanks to its AI-driven web application development platform. The platform enables users to describe functions in natural language, and AI automatically generates production-ready code. It is an AI programming tool designed for non-technical users. With a user retention rate exceeding 85% and a monthly website visit volume of 10 million, Lovable has quickly made its mark in the tech industry.