- Updated: March 23, 2026
- 1 min read
Lovable Targets Acquisitions to Strengthen AI‑Powered App‑Building Platform
Lovable, the AI‑driven app‑building platform valued at $6.6 billion, has announced an aggressive acquisition strategy aimed at bolstering its capabilities amid rising competition from rivals such as Cursor and Replit. The company, which recently reported $400 million in annual recurring revenue (ARR) and supports roughly 200,000 daily projects, is actively scouting for promising teams and startups that can enhance its product suite.
In a statement, Lovable highlighted its recent purchase of cloud‑infrastructure provider Molnett, a move that expands its backend services and gives developers a more seamless deployment experience. The firm’s leadership emphasized that the acquisition hunt is part of a broader effort to maintain its market leadership and deliver end‑to‑end AI assistance for developers of all skill levels.
Industry analysts note that the surge in AI‑assisted development tools has intensified the race for talent and technology. By integrating new teams, Lovable aims to accelerate feature rollouts, improve scalability, and deepen its AI capabilities.
For a deeper look at how AI is reshaping the low‑code and no‑code landscape, read our related coverage here. Additionally, explore our analysis of emerging competitors in the AI coding space here.
Read the original story on TechCrunch.
Andrii Bidochko
CTO UBOS
Andrii Bidochko is an AI entrepreneur and researcher focused on AI agents, reinforcement learning, and autonomous systems. He writes about the technologies shaping the future of machine intelligence, from frontier models and agent architectures to real-world AI applications.