Vibe coding Anything nabs a $100M valuation, after hitting $2M ARR in its first two weeks

The buzz surrounding vibe coding—utilizing AI-driven tools to create apps and websites through natural language—is reaching unprecedented heights. Just eight months post-launch, Swedish startup Lovable celebrated a remarkable milestone, reaching $100 million in annual recurring revenue (ARR) in July, with projections aiming for $250 million ARR by year-end and a target of $1 billion ARR within the next year. Replit, another key player, reported a staggering increase in ARR from $2.8 million to $150 million in under a year. The success of these companies has sparked a wave of new competitors in the vibe coding space, each experiencing rapid growth. "Every company in this sector is expanding at a breakneck pace," remarked Nikhil Trivedi, co-founder and general partner at VC firm Footwork. Despite the impressive growth rates, Trivedi highlighted a significant limitation: while these platforms excel at prototype development, they often fall short in helping users launch production-ready software. Trivedi pointed out that many vibe coding solutions lack the necessary infrastructure for non-technical users to successfully deploy functional products. This is where Anything, a newly launched AI application, steps in. Just one month since its debut, Anything has positioned itself to address these challenges by offering a comprehensive suite of tools—including databases, storage, and payment processing—essential for users looking to operate their web-based businesses or publish their creations on app stores. The startup saw explosive initial success, achieving a $2 million annualized run rate within just two weeks after launch. On Monday, Anything announced a successful $11 million funding round, securing a $100 million valuation led by Footwork, alongside investments from Uncork, Bessemer, and M13. Founded by former Google teammates Dhruv Amin and Marcus Lowe, Anything aims to empower non-technical users to create complete web and mobile applications. Amin expressed his vision, stating, "We aspire to be the Shopify of this sector, enabling users to build profitable apps on our platform." Users have already begun utilizing Anything to create fully functional applications, including a habit tracker, a CPR training app, and a hairstyle simulation tool, with some even generating revenue. Amin emphasized that the ease of developing apps stems from not needing to integrate disparate tools with their prototypes. The concept for an all-encompassing AI-assisted app builder emerged less than a year ago, following Amin and Lowe's collaboration since 2021. Initially, they operated a bootstrapped development marketplace that combined AI coding tools with human developers. However, with the rapid advancement of generative AI technology, they pivoted in 2023 to focus solely on an AI-powered app-building tool, raising seed funding along the way. Amin and Lowe recognized that many competing platforms, like Lovable and StackBlitz’s Bolt, depend on third-party databases, such as Supabase. They determined that Anything could carve out a niche by developing its own infrastructure in-house. This strategic move, while time-consuming, may prove advantageous, especially as competitors like Mocha and Rork also seek to establish robust backend systems. Trivedi remains optimistic about the market's potential, asserting, "There appears to be ample demand for diverse app-building products."