The software development industry is experiencing significant growth, with the global application development software market valued at $203.35 billion in 2022 and projected to reach $1,450.87 billion by 2031. This expansion is driven by advancements in automation and low-code/no-code platforms, which are revolutionizing how software is created.
Several companies are rapidly growing by leveraging AI in software development, showcasing incredible ARR (Annual Recurring Revenue) numbers. Bolt.new, for example, reportedly hit $40 million ARR in March 2025, just months after its launch, by enabling non-developers to build full-stack applications using natural language. Lovable.dev has also seen remarkable growth, reaching $100 million ARR in just eight months since its launch in November 2024. This makes Lovable the fastest-growing software company to reach $100 million ARR of all time, surpassing even OpenAI. Replit.com, another AI-powered coding platform, also announced it surpassed $100 million ARR in June 2025, marking a 10x increase from its $10 million ARR at the end of 2024, largely due to the introduction of AI agents. These companies demonstrate how AI is democratizing technology and enabling rapid product development and substantial revenue growth.
Workshop Goal:
 This workshop will equip founders with the knowledge and practical skills to utilize artificial intelligence across the entire product development lifecycle, from initial coding to building a fully functional Minimum Viable Product (MVP). Participants will learn how to accelerate their time to market, reduce development costs, and de-risk their startup ventures using cutting-edge AI tools and methodologies.
About ventureLAB
ventureLAB
 
is a leading global founder community for hardware technology and enterprise software companies in Canada. Located at the heart of Ontario’s innovation corridor in York Region, ventureLAB is part of one of the biggest and most diverse tech communities in Canada. Our initiatives focused on raising capital, talent retention, commercializing technology and IP, and customer acquisition have enabled thousands of companies to create over 4,000 jobs and raise more than $200 million in investment capital. At ventureLAB, we grow globally competitive tech titans that build-to-scale in Canada, for global markets.
Photo/Video Disclaimer
ventureLAB events are recorded for educational and marketing purposes. If you do not wish to be included in these recordings please let a ventureLAB team member know as soon as possible so that we can omit you from the recording.
Hybrid Format
: People who cannot attend in-person can join the session virtually. The meeting link will be shared with a calendar invite.
Tickets
: Event tickets are first come first serve and spaces are limited. If event capacity has been reached you will placed on a wait list and should a space become available you will be notified via email.
If you are no longer able to attend
: Please cancel your ticket or contact the event host team to inform them you are no longer able to attend as your spot will then be transferred to the next individual on the event waitlist.
Information Source: ventureLAB | eventbrite

Blackwood

United Kingdom

Markham

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