Lovable is gunning for $1 billion in ARR within 12 months.
CEO Anton Osika told Bloomberg on Thursday the startup adds at least $8 million in ARR every month.
Launched in 2023, Lovable already passed $100 million ARR just eight months after its first $1 million milestone, according to a summer blog post. 
Osika says the company targets $250 million ARR by year-end and hopes to hit $1 billion ARR over the next 12 months.
The European AI startup hit a $1.8 billion valuation this summer after raising a $200 million Series A.
Anton Osika stated on Bloomberg TV:
Lovable is growing by a minimum of $8 million ARR every month.
We are projecting to reach $250 million ARR by the end of this year.
Our goal is to be at $1 billion ARR within the next 12 months.
