Lovable, an AI coding platform based in Stockholm, has rapidly grown to nearly 8 million users, a significant leap from 2.3 million reported just four months ago. CEO Anton Osika announced that the platform sees 100,000 new products created daily. Since its founding a year ago, Lovable has raised $228 million, with a recent $200 million round that valued the company at $1.8 billion. Despite speculation of a potential valuation of $5 billion from new investors, Osika emphasized that the company isn't facing funding constraints. While Lovable has achieved a milestone of $100 million in annual recurring revenue, concerns linger about the sustainability of the coding boom. Traffic to Lovable dipped 40% as of September, prompting analysts to question whether the trend has peaked. Osika insists user retention is strong, with over 100% net dollar retention. The user demographic is diverse, including over half of Fortune 500 companies and individual creators, such as an 11-year-old who built a Facebook clone for school. Security remains a pressing issue in the vibe coding space. Osika acknowledged recent data leaks from similar platforms and stated that Lovable is prioritizing hiring security engineers to address these concerns. The platform performs multiple security checks before users can deploy their projects, but sensitive applications still require professional security oversight. Osika remains focused on enhancing user experience rather than fixating on competitors like OpenAI and Anthropic, believing the market can support multiple successful players. He envisions Lovable as a comprehensive platform that simplifies the software development process, allowing teams to prototype quickly without lengthy presentations.