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

Lief and Google announced an extensive multi-year collaboration on Wednesday. Lovable, the fast-growing vibe-coding startup based in Stockholm, is a long-time Google Cloud user. Under the new deal it will be a much bigger deal.

While the companies did not disclose the dollar figure, a person with knowledge of the deal tells TechCrunch that it will see a fivefold increase in Lovable’s footprint on Google Cloud, including AI use. As part of the deal, this person said, Lovable will get expanded access to both Anthropic’s Claude – the AI ​​model widely used for coding tasks – and Google’s own Gemini models.

The Anthropic piece is especially interesting. Google invested $10 billion in cash and computing credits in Anthropic in April, promising another $30 billion if Anthropic met certain performance goals. It made that investment at a valuation of $350 billion — just a month before Anthropic raised a staggering $65 billion funding round, valuing the company at nearly $1 trillion. This deal will help Anthropic achieve these goals as Lovable is one of Europe’s fastest-growing startups ever. According to Lovable, it surpassed $400 million in annualized revenue in February after adding $100 million in one month with just 146 employees. The company claims that more than half of Fortune 500 companies use its product in some way.

The deal also connects Lovable to several other parts of Google’s ecosystem. Lovable’s new agent will be available through Google Cloud’s enterprise agent marketplace, the Gemini Enterprise Agent Gallery – an arrangement the two companies first telegraphed at Google’s major US cloud conference in April. And to help secure the code that both people and agents write, Lovable will integrate with Wiz, Google’s largest acquisition ever at $32 billion. officially closed in March, a year after it was announced. The integration allows Wiz to identify and remediate security issues in real-time.

By selling Lovable’s agents through Google’s marketplace, the cloud giant says it will simplify enterprise purchasing and billing, making it easier for Lovable to win more business customers.

The calculation for Google is simple enough. If it can grow both Lovable and Anthropic by attracting deep-pocketed companies, the revenues will help 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 $85 billion in equity to cover some of that, so there’s only about $100 billion left to go.