The generative AI-powered app-building platform Anything recently achieved a remarkable milestone at lightning speed. Within only two weeks of its introduction, it’s produced a $2 million annualized run rate. The company’s trailblazing strategy is making waves. Before long, it will permit development of applications faster and cheaper than today’s marketplace models.
Amin’s and Lowe’s founding of Anything follows the successful exit of their previous start-up. This previous effort paired AI coding tools with the experience and creativity of human developers. After shutting down their first business, they redirected their efforts in 2023 to develop the app-building tool that has now garnered significant attention and financial backing.
The logistics startup’s recent $11 million Series A financing round shot its valuation up to $100 million, the company announced today. This funding round was led by Footwork, with participation from other well-known investors such as Uncork, Bessemer, and M13.
Amin and Lowe have operated together since 2021, and the sum of their experiences—as musicians, artmakers, organizers—have proven essential in steering Anythings course so far. They observed that many competing tools rely heavily on third-party databases like Supabase, prompting them to innovate a solution that leverages generative AI for app development.
Anything’s platform has already enabled nontechnical users to build complete, working applications that are now public on the App Store. Interesting uses that showcase the tool’s versatility range from a habit tracker to a CPR training course to a hairstyle “try-on” app. These innovations are just a glimpse of its potential for transformative change in every domain.
Amin underscored the niche Anything occupies in the marketplace, saying,
“You haven’t really seen real businesses built on top of any of these tools.”
He made clear just how big his ambitions are for the company’s future. He imagines it positioning itself as the dominant player in the no-code app-building space.
“We want to be the Shopify of the space, where people build apps that make money on top of us.”
The response from the market shows there is high demand for alternative app-building solutions at all skill levels. Investor Nikhil Trivedi noted,
“It seems there’s enough demand out there for different types of app building products.”
Anything has had incredible early success. This growth is especially impressive considering that everyone else in the industry is going through an unprecedented period of innovation and potential. Lovable reached $100 million in annual recurring revenue (ARR) less than eight months after launch. Now, they project to close out the year at a stunning $250 million ARR. Indeed, the company is hopeful for topping its own $1 billion ARR over the course of the next twelve months. Replit’s ARR soared from $2.8 million to $150 million in under a year. This astonishing growth fueled the company’s valuation to a staggering $3 billion.
Anything is surging with tremendous enthusiasm. It is positioning itself as a leader in the nascent field of AI-powered app development. Our founders have been true pioneers and innovators. Their close attention to what the market actually needs will be important for the platform’s ultimate success.