GPT Engineer preceded the hosted product
The public GPT Engineer repository demonstrates building a codebase from a specification. Lovable took the idea into a hosted web app workflow. [9] ↗
Anton Osika started the open-source GPT Engineer project and co-founded Lovable with Fabian Hedin. Lovable turns prompts into working web apps. On Lenny’s Podcast, Osika explained how a team of 15 reached its first reported $10 million in annual recurring revenue.

Lovable’s account of the first four weeks and first two months after its November 2024 launch. [5] ↗
| Observation | Value |
|---|---|
| First four weeks | $4,000,000 |
| First two months | $10,000,000 |
Two company disclosures in 2025. These are annual recurring revenue snapshots. [3] ↗ [6] ↗
| Observation | Value |
|---|---|
| Jul 23, 2025 | $100,000,000 |
| Nov 18, 2025 | $200,000,000 |
The $400 million financing accompanied a reported $13.3 billion company valuation. [4] ↗
| Observation | Value |
|---|---|
| Series C capital | $400,000,000 |
Semrush estimates for July–September 2026, worldwide, all devices. Figures describe the website. The public series used here covers three months. [7] ↗
Observed months
| Observation | Value |
|---|---|
| 2026-07 | 62,820,000 visits |
| 2026-08 | 70,480,000 visits |
| 2026-09 | 81,460,000 visits |
| Period / scope | Reported figure |
|---|---|
| August 2026 valuation | $13.3bn company valuation in the Series C announcement. [4] ↗ |
The public GPT Engineer repository demonstrates building a codebase from a specification. Lovable took the idea into a hosted web app workflow. [9] ↗
In Lenny’s interview, Osika discusses how the team shipped, worked with users and moved fast enough to reach $10 million ARR in roughly two months. [2] ↗
At the July 2025 milestone, Lovable reported more than 10 million projects built and roughly 100,000 new projects per day. Its more autonomous Agent became the default. [6] ↗
At its first anniversary, the company reported five million daily visits across sites and apps made with Lovable. This describes the hosted ecosystem. [3] ↗
Lovable acknowledged that authenticated users with a public project link could potentially access its source code and chat history. The affected window ran from February 3 to April 20. Lovable says private projects and Lovable Cloud were outside the incident. [10] ↗
Lovable says it shipped the fix within two hours after public disclosure. It subsequently made historically public projects private with exceptions for official templates and opt-in remixing, and reworked vulnerability triage. [10] ↗
Revenue, exits & abandoned experiments.
| Project | What it does | Revenue & numbers | Role / status |
|---|---|---|---|
| Lovable | Hosted platform for building and publishing software from prompts. | $200m ARR Nov 2025; $400m Series C at $13.3bn valuation Aug 2026. | Co-founder with Fabian Hedin [4] ↗ |
| GPT Engineer | Open-source tool for turning specifications into code. | Commercial revenue undisclosed for the repository. | Creator · public repository [9] ↗ |
Conversations, product walkthroughs and the reasoning behind the numbers.
The launch story, Fabian Hedin, early ARR and operating a small team.
Watch on YouTube ↗Osika and Harry Stebbings discuss models, security and competition in app building.
Watch on YouTube ↗Lovable’s first-anniversary account of the products its users built.
Watch on YouTube ↗Selected posts · 5 November 2026
Lovable’s incident account says a researcher publicly reported the access issue. The company acknowledged shortcomings in both its initial response and its visibility design. [10] ↗