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Vibe coding startup Lovable<\/a> aims to hit $1 billion in annual recurring revenue within the next 12 months, according to its CEO, Anton Osika.\u00a0<\/p>\n Speaking on Bloomberg TV on Thursday, <\/a>Osika said the company grows by at least $8 million in ARR each month. In a blog post written this summer<\/a>, the company said it passed $100 million in ARR just eight months after making its first $1 million. Osika told Bloomberg Thursday the company is projecting to reach $250 million in ARR by the end of this year, and it hopes to reach $1 billion within the next 12 months.\u00a0<\/p>\n Founded in 2023, the company has become one of Europe\u2019s AI darlings. It hit a $1.8 billion valuation this summer, raising a $200 million Series A.<\/a><\/p>\n This article was updated to reflect the spelling of the company\u2019s name. <\/em><\/p>\n We\u2019re always looking to evolve, and by providing some insight into your perspective and feedback into TechCrunch and our coverage and events, you can help us! Fill out\u00a0<\/em>this survey<\/a><\/em>\u00a0to let us know how we\u2019re doing and get the chance to win a prize in return!<\/em><\/p>\n<\/div>\n