Lovable signs multi-year deal with Google Cloud to up usage 5x, source says
Key takeaways
- Lovable and Google announced an expanded multi-year collaboration on Wednesday.
- While the companies did not disclose the dollar figure, a person with knowledge of the deal tells Tech Crunch it involves a fivefold increase in Lovable s footprint on Google Cloud, including AI usage.
- Google invested $10 billion in Anthropic in cash and compute credits in April, promising another $30 billion if Anthropic hits certain performance targets.
Why this matters: a development in AI with implications for how people work, create, and decide.
Lovable and Google announced an expanded multi-year collaboration on Wednesday. Lovable, the fast-growing Stockholm vibe-coding startup, has long been a Google Cloud user. Under the new agreement, it will be a much bigger one.
While the companies did not disclose the dollar figure, a person with knowledge of the deal tells Tech Crunch it involves a fivefold increase in Lovable s footprint on Google Cloud, including AI usage. As part of the deal, this individual tells us, Lovable will gain expanded access to both Anthropic s Claude — the AI model widely used for coding tasks — and Google s own Gemini models.
The Anthropic piece in particular is interesting. Google invested $10 billion in Anthropic in cash and compute credits in April, promising another $30 billion if Anthropic hits certain performance targets. It made that investment at a $350 billion valuation — just one month before Anthropic raised a staggering $65 billion round that valued the company at nearly $1 trillion. This deal stands to help Anthropic hit those targets, because Lovable is one of Europe s fastest-growing startups on record. According to Lovable, it crossed $400 million in annualized revenue in February, having added $100 million in a single month with just 146 employees. The company claims to have more than half of Fortune 500 companies use its product in some fashion.