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Lovable Becomes Fastest-Growing Software Startup In History
- Written by Andrea Miliani Former Tech News Expert
- Fact-Checked by Sarah Frazier Former Content Manager
The Swedish AI company Lovable has become the fastest-growing startup in history to reach $100 million in revenue. After raising $200 million during a recent Series A round earlier this month, the company announced a new record in Annual Recurring Revenue (ARR) on Wednesday.
In a rush? Here are the quick facts:
- Lovable became the fastest-growing start-up to reach $100 million in revenue in history.
- The company raised $200 million in a Series A round last week.
- The startup also launched an AI agent called Lovable Agent for more complex tasks.
According to the announcement , it took Lovable just eight months to surpass the $100 million milestone in subscription revenue after reaching its first $1 million. The company also introduced a new AI agent as part of the update.
“Today, Lovable officially passed $100m in ARR – in just 8 months since our first $1M,” wrote the company. “This makes us the fastest-growing startup, not just in Europe, but in the world.”
Lovable, the popular “ vibe coding ” platform, also revealed that users have created over 10 million projects to date, averaging around 100,000 new projects per day.
According to Tech.eu , Lovable’s revenue growth has surpassed leading tech companies such as Cursor, OpenAI, and Wiz—recently acquired by Google for $23 billion . What sets Lovable apart is its focus on making software creation accessible to everyone—not just as an assistant for professional developers.
“The biggest barrier to building businesses is coding,” said Anton Osika, CEO and co-founder of Lovable, to Tech.eu. “99 per cent of people have great ideas and can execute on a business, but they don’t know how to write code. Lovable means anyone can go from idea to software in minutes.”
Osika added that the company is still learning about users’ needs and believes AI is making it easier than ever to unlock people’s creative potential.
Lovable also features agentic capabilities—it can search the web in real time, explore a user’s codebase, and debug errors automatically.
The AI agent, Lovable Agent, has been designed to help users develop more complex tasks with higher accuracy and fewer mistakes.
“When you give it a request, it doesn’t just execute—it interprets what you’re asking for, explores your codebase to understand the context, uncovers missing pieces, makes changes, fixes issues as they come up, and wraps it all up with a clear summary,” explained Lovable.
Photo by Hunter Masters on Unsplash
Starlink Suffers Global Network Outage
- Written by Andrea Miliani Former Tech News Expert
- Fact-Checked by Sarah Frazier Former Content Manager
Elon Musk’s satellite internet company, Starlink, experienced a global outage on Thursday that affected tens of thousands of customers. The rare disruption lasted approximately 2.5 hours, and service has since been restored.
In a rush? Here are the quick facts:
- Starlink suffered a global outage on Thursday that lasted 2.5 hours.
- The company explained it happened “due to failure of key internal software services that operate the core network.”
- The service has been restored, and Starlink assured that the issue has been fixed.
According to Reuters , Starlink users in the United States and Europe began experiencing service disruptions around 3:00 p.m., with around 61,000 users reporting the issue on the outage tracker Downdetector.
The company acknowledged the disruption shortly afterward on the social media platform X and shared updates on its progress in resolving the issue.
“Starlink is currently in a network outage and we are actively implementing a solution,” wrote Starlink in a post. “We appreciate your patience. We’ll share an update once this issue is resolved.”
Starlink is currently in a network outage and we are actively implementing a solution. We appreciate your patience, we’ll share an update once this issue is resolved. — Starlink (@Starlink) July 24, 2025
Starlink, which serves 6 million users across 140 countries and territories, did not specify how many customers were affected. However, the company confirmed the outage lasted more than two hours.
Michael Nicolls, Vice President of Starlink Engineering at SpaceX, provided more details through his personal X account.
“Starlink has now mostly recovered from the network outage, which lasted approximately 2.5 hours,” wrote Nicolls. “The outage was due to failure of key internal software services that operate the core network.”
Nicolls and Musk apologized to users about the disruption and assured they are taking measures so that it won’t happen again.
Such a major disruption is rare for Starlink, and this marks the first global outage in 2025. A few months ago, NASA warned Starlink about solar activity affecting its satellites’ speed and raised concerns about possible debris.
“This is likely the longest outage ever for Starlink, at least while it became a major service provider,” said Doug Madory, an expert at the internet analysis firm Kentik, to Reuters, and described the incident as unusual.
Starlink hasn’t provided more details for the incident after announcing the network had been restored.
