Vibe coding Anything nabs a $100M valuation, after hitting $2M ARR in its first two weeks | TechCrunch

"It's no secret that vibe coding - using AI-powered coding tools to build apps and websites via natural language prompts - is exploding in popularity. In July, Swedish vibe coding startup Lovable hit $100 million in annual recurring revenue (ARR) just eight months after launch, plans to close the year at $250 million ARR and thinks it will hit $1 billion ARR within the next 12 months."

"These companies' remarkable growth has fueled a wave of competitors, many of which are also quickly gaining momentum. "This is one of those spaces where every company is growing like a weed," said Nikhil Trivedi, co-founder and general partner at VC firm Footwork. However, despite their rapid growth, Trivedi argues that Lovable, Replit, and other vibe coding startups have a significant shortcoming: they excel at developing prototypes but struggle to enable users to launch production-ready software. The problem with most vibe coding companies, Trivedi argues, is that they don't provide all the infrastructure that non-technical users need to launch a functional product."

Vibe coding uses AI-powered tools and natural language prompts to build apps and websites. Swedish startup Lovable reached $100 million ARR eight months after launch, plans $250 million ARR for the year, and expects $1 billion ARR within 12 months. Replit's ARR rose from $2.8 million to $150 million in under a year. Rapid growth spawned many competitors. Investors note most vibe coding firms create prototypes effectively but lack infrastructure for non-technical users to launch production-ready products. Anything launched a month ago, provides databases, storage, and payment tools, reached $2 million annualized run rate in two weeks, and raised $11 million at a $100 million valuation.

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