Web Summit

Lovable Hits $100M Revenue in a Single Month!

Lovable, a Stockholm-based startup that builds apps and websites using natural language (a practice the article calls "vibe coding"), told TechCrunch it crossed $400 million in annual recurring revenue (ARR) in February and added $100 million in revenue in the most recent month. The three-year-old company says it has about 8 million users, a $6.6 billion valuation, and more than half of the Fortune 500 are using the platform per CEO Anton Osika. Lovable has 146 full-time employees (about $2.77M ARR per employee), is expanding hiring across multiple cities, and ran a debut brand campaign called "Earworm" while reporting strong usage spikes from a one-day SheBuilds promotion on March 8.

Read AI Unveils Ada: Your New Email Assistant

Read AI launched Ada, an email-based AI assistant described as a “digital twin” that can manage scheduling, reply to threads with user availability, refine draft replies, and extract answers from a company knowledge base, prior meeting content and public web searches. Users can configure Ada by emailing ada@read.ai. Read AI says Ada accesses connected calendars without revealing meeting details and requires user permission before exposing sensitive information. VP of Product Justin Farris said Ada builds a knowledge graph from meeting data and connected services rather than using MCPs (model context protocols). CEO David Shim said Ada will expand beyond email to Slack and Teams. Read AI reported more than 5 million monthly active users, ~50,000 daily sign-ups, a broader 100,000-user content base and has raised over $81 million in funding.

Meet Ada: Your New AI Email Assistant for Scheduling

Read AI launched Ada, an AI-powered, email-based assistant designed to manage schedules, answer questions using a company’s knowledge base and meeting history, and draft or send replies such as out-of-office responses. Users can activate Ada by emailing ada@read.ai with “Get me started.” Ada accesses a user’s calendar to propose and negotiate meeting times without revealing meeting details, and can answer queries using meeting data, connected services, and public web searches. Read AI says Ada builds a knowledge graph from meeting data rather than using MCPs (model context protocols) and will expand to Slack and Microsoft Teams. The company reports over 5 million monthly active users, about 50,000 daily sign-ups, a broader content audience of roughly 100,000, and has raised over $81 million in funding.