Stockholm-based Lovable has signed a multiyear agreement with Google Cloud intended to increase its footprint fivefold and to expand access to Anthropic's Claude and Google's Gemini. The company's new agent will be listed in Google's enterprise marketplace, and its code will be scanned in real time by Wiz — the security firm Google acquired for $32 billion.
Financials and customer reach
Lovable reports that it crossed $400 million in annualized revenue in February, added $100 million in a single month, and employs 146 people. The company says more than half of the Fortune 500 use its services.
Why the move matters
Lovable's rapid expansion responds to a shifting competitive environment: the labs that control frontier models—Anthropic with Claude Code and OpenAI with Codex—are pushing coding agents into the same market segments Lovable serves. To counter the risk that its suppliers become competitors, Lovable is investing in customer entrenchment and operational integration:
- enterprise billing and go-to-market through Google Cloud,
- security and real-time code scanning via Wiz,
- distribution and sales access to large corporate buyers, including Fortune 500 companies.
The company’s playbook is to become foundational infrastructure for customers before the model providers decide to offer competing vibe-coding products directly.
Key point
Lovable’s strategy centers on locking in customers and channels through partnerships with platform owners and security providers, aiming to preserve its position if the labs it relies on move to compete directly in the coding-agent market.
(Data in this article are taken from the source: multiyear deal with Google Cloud; expanded access to Anthropic Claude and Google Gemini; agent in Google’s enterprise marketplace; real-time code scanning by Wiz; $400 million in annualized revenue in February; $100 million added in one month; 146 employees; claim that over half of the Fortune 500 use the service.)
