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Lovable vs Bolt.new vs Cursor

Jan-Erik Asplund

TL;DR: Launched as one of the first AI-powered app generators in June 2023, GPT Engineer added a GUI and re-branded to Lovable in November 2024. Sacra estimates that Lovable went from $2M in annualized recurring revenue in November to $7M at the end of 2024. For more, check out our full report and dataset on Lovable.

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Key points via Sacra AI:

  • Launched in June 2023, the command-line app builder GPT Engineer (built on GPT-4) became one of GitHub's fastest-growing open source projects ever, hitting 40,000 stars in 2 months before re-launching in November 2024 with a GUI as Lovable (🇸🇪), an AI-powered tool for generating snug, full-stack apps.Lovable orchestrates multiple LLMs, using OpenAI's GPT-4o Mini for speed tasks and Anthropic's Claude for complex reasoning, monetizing based on the number of chats used (for code generation, editing, or refactoring), with pricing that starts at $20/month for their Starter plan (100 monthly chats).
  • After their public re-launch, Lovable grew to 3,000 users and $1M annually recurring revenue (ARR) in 8 days, $2M ARR at the end of November, and $7M ARR at the end of 2024, with over 140,000 registered users. Compare to AI-native IDEs like Github Copilot at ~$400M in ARR as of November 2024, growing 281% YoY, powered by Github's distribution into 100M+ global developers, Cursor at $65M ARR in November 2024, growing 6,400% YoY, valued at 30-50x as of their potential Series B, and Bolt.new hitting $4M ARR within 4 weeks of launch, and then $20M ARR after another 4 weeks in November 2024.
  • AI-powered code generation is splitting into a two-step workflow where non-engineers use rapid prototyping platforms like Lovable, Bolt.new, and Vercel's v0 to quickly generate working applications via natural language, then transition to AI-enhanced IDEs like Cursor and Codeium ($12M ARR) to edit them. After spinning up a new project in Lovable/Bolt.new, users can sync their codebase to Github (Lovable) or download the repo as a folder (Bolt.new), make edits locally using Cursor or Codeium, and then push their changes to GitHub or re-upload the folder and pick up where they left off.

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