Anthropic · Google · TechCrunch AI
Lovable signs multiyear agreement with Google Cloud to up usage 5x, source confirms
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Lovable and Google announced an expanded multiyear collaboration on Wednesday.
Key facts
- According to Lovable, it crossed $400 million in annualized revenue in February, having added $100 million in a single month with 146 employees
- It made that investment at a $350 billion valuation, one month before Anthropic raised a staggering $65 billion round that valued the company at nearly $1 trillion
- Google invested $10 billion in Anthropic in cash and compute credits in April, promising another $30 billion if Anthropic hits certain performance targets
- The company is already selling a record-breaking $85 billion in equity to cover some of that, so only another $100 billion or so to go
Summary
While the companies did not disclose the dollar figure, a person with knowledge of the deal tells TechCrunch it involves a fivefold increase in Lovable’s footprint on Google Cloud, including AI usage. The Anthropic piece in particular is interesting. According to Lovable, it crossed $400 million in annualized revenue in February, having added $100 million in a single month with 146 employees. The deal also plugs Lovable into several other parts of Google’s ecosystem. By selling Lovable’s agents through Google’s marketplace, the cloud giant says enterprise procurement and billing will be simplified, making it easier for Lovable to land more enterprise customers.