ai
Lovable Hits $500 Million Revenue While U.S. Stays Largest Market
AI startup Lovable reached $500 million in annual recurring revenue this month. CEO Anton Osika highlighted Europe's talent pool and called for more local infrastructure. Data shows net tech migration from the US to Europe by late 2024.
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Lovable surpassed $500 million in annual recurring revenue this month. CEO Anton Osika said millions of people have used the company's vibe-coding platform, with the United States remaining its largest market. Osika wrote that Europe faces no shortage of AI talent but lacks confidence to build companies that rival Silicon Valley.
He noted that founders do not need to move to San Francisco, adding that some of the best engineers he knows are now returning to Europe. Workforce data supports the shift. Revelio Labs analysis of public immigration records found more tech workers moved from the US to Europe than from Europe to the US by the end of 2024.
Patrik Torstensson, a former Meta engineering director, joined Lovable earlier this year. He left Meta's California office in July 2025 after departing its London office in April. Osika said the missing element for Europe is infrastructure.
"The talent and demand is here," he wrote.
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