PANews reported on March 12 that Swedish startup Lovable has reached $400 million in annual recurring revenue, experiencing rapid growth as businesses and individual users flock to its AI tools that make programming easy even for beginners. Lovable CEO Anton Osika stated that this progress is five months ahead of initial projections. Founded in 2023, Lovable is part of a group of Vibe Coding startups that allow users to quickly prototype applications and websites using natural language prompts.