Lovable signs multiyear deal with Google Cloud to up usage 5x, source says

Source: TechCrunch

Image Credits: Bruno de Carvalho / SOPA Images / LightRocket / Getty Images

Expanded multiyear collaboration

Lovable and Google announced an expanded multiyear collaboration. Lovable, the fast‑growing Stockholm “vibe‑coding” startup, has long been a Google Cloud user; under the new agreement its footprint on Google Cloud will increase fivefold, including AI usage.

AI model access

As part of the deal, Lovable will gain expanded access to:

• Anthropic’s Claude – the AI model widely used for coding tasks.
• Google’s Gemini models – Google’s own family of generative AI models.

Anthropic investment context

Google invested $10 billion in Anthropic in cash and compute credits in April, with a promise of an additional $30 billion if Anthropic meets certain performance targets. This investment was made at a $350 billion valuation, just one month before Anthropic raised a $65 billion round that valued the company at nearly $1 trillion.

Lovable’s growth metrics

• Crossed $400 million in annualized revenue in February, after adding $100 million in a single month with just 146 employees.
• Claims that more than half of Fortune 500 companies use its product in some fashion.

Integration with Google’s ecosystem

• Lovable’s new agent will be available through Google Cloud’s enterprise agent marketplace, the Gemini Enterprise Agent Gallery – an arrangement first telegraphed at Google’s major U.S. cloud conference in April.
• To secure code written by humans and agents, Lovable will integrate with Wiz, Google’s $32 billion acquisition that officially closed in March. The integration will allow Wiz to identify and remediate security problems in real time.

Benefits for enterprise customers

Selling Lovable’s agents through Google’s marketplace will simplify enterprise procurement and billing, making it easier for Lovable to acquire more enterprise customers.

Strategic rationale for Google

Google aims to keep both Lovable and Anthropic growing by attracting deep‑pocketed enterprises. The resulting revenue helps fund the $180 billion to $190 billion in capital expenditures Google plans to spend this year. The company is already in the process of selling a record‑breaking $85 billion in equity to cover part of that, leaving roughly another $100 billion to raise.