Lovable and Google announced an expanded multiyear collaboration that significantly increases Lovable’s usage of Google Cloud, including AI applications, by fivefold. The specific financial details of the agreement remain undisclosed, but it involves substantial resources and expectations, according to a source familiar with the deal.
As part of the new agreement, Lovable will gain expanded access to Anthropic’s Claude AI model and Google’s Gemini models. Google previously invested $10 billion in Anthropic in cash and compute credits in April, with a promise of an additional $30 billion based on performance targets. This investment was made at a $350 billion valuation, shortly before Anthropic raised a $65 billion funding round that valued the company at nearly $1 trillion.
Lovable reported crossing $400 million in annualized revenue in February, adding $100 million in just one month with a workforce of only 146 employees. The company claims that over half of Fortune 500 companies utilize its product in some capacity.
Lovable’s new agent will be offered through Google Cloud’s enterprise agent marketplace, known as the Gemini Enterprise Agent Gallery, an arrangement first mentioned at Google’s U.S. cloud conference in April. Lovable will also integrate with Wiz, Google’s largest acquisition at $32 billion, which closed in March. This integration aims to identify and remediate security issues in real-time for code written by humans and AI agents alike.
By making Lovable’s agents available through its marketplace, Google aims to simplify enterprise procurement and billing, potentially helping Lovable capture more enterprise customers. Google is pursuing this strategy as part of a broader effort to attract deep-pocketed enterprises to support its anticipated capital expenditures of $180 billion to $190 billion this year. The company is currently selling a record $85 billion in equity to assist with these expenditures.
