FUNDING
Key Metrics
ARR
~$500M (up from ~$300M in 2025, ~$200M in 2024)
Employees
~40 (among the highest revenue-per-employee ratios in software)
Company Snapshot
Midjourney is a AI infra company, based in San Francisco, CA, founded 2021. Latest valuation Self-funded, no priced round (As of 2022, Sacra — Midjourney revenue, funding & news). Total funding $0 (fully self-funded since 2021) (As of 2021).
Recent changes
- Jul 24, 2026Jul 24, 2026Midjourney Acquires Astrology App Co-Star, Plans New Apps Pulse story
- Jul 4, 2026Jul 4, 2026Midjourney Seeks to Force Hollywood Studios to Reveal Their AI Use Pulse story
- 20252025First reported arr: ~$500M (up from ~$300M in 2025, ~$200M in 2024)Estimated Sacra — Midjourney revenue, funding & news
- 20222022First reported headcount: ~40 (among the highest revenue-per-employee ratios in software)Estimated Sacra — Midjourney revenue, funding & news
- 20222022First reported valuation: Self-funded, no priced roundEstimated Sacra — Midjourney revenue, funding & news
Earlier changes (1)
- 20212021First reported total funding: $0 (fully self-funded since 2021) Sacra — Midjourney revenue, funding & news
Latest Pulse
- Jul 24, 2026Midjourney Acquires Astrology App Co-Star, Plans New AppsAI image and video lab Midjourney acquired astrology app Co-Star, whose roughly two dozen employees have joined the company to help build Midjourney's first standalone consumer app.→
- Jul 4, 2026Midjourney Seeks to Force Hollywood Studios to Reveal Their AI UseMidjourney is asking a federal judge to force Disney, Universal and Warner Bros. Discovery to disclose their own internal AI use as part of its defense against the studios' copyright lawsuit.→
Coverage Timeline
newest firstAll Coverage
FUNDING
Midjourney Acquires Astrology App Co-Star, Plans New Apps
AI image and video lab Midjourney acquired astrology app Co-Star, whose roughly two dozen employees have joined the company to help build Midjourney's first standalone consumer app.
AI
Midjourney Seeks to Force Hollywood Studios to Reveal Their AI Use
AIDiscovery motion pending
Midjourney Seeks to Force Hollywood Studios to Reveal Their AI Use
Midjourney is asking a federal judge to force Disney, Universal and Warner Bros. Discovery to disclose their own internal AI use as part of its defense against the studios' copyright lawsuit.
Value Add Research
Related Companies
Competitors
Trace's Take
Midjourney is the single best counter-argument to the 'AI requires billions in venture capital' narrative in this whole sector — ~$500M ARR, ~40 employees, zero outside funding, and profitable almost from day one. That's not a fluke; it's a deliberate strategic choice by a founder who has watched the industry raise and burn tens of billions and decided he'd rather own 100% of a smaller, sustainable business than 20% of a unicorn. The risk is that staying lean and independent limits how fast Midjourney can respond if a well-capitalized rival (Google, OpenAI) decides to make image generation free distribution play — but so far, subscription revenue keeps compounding regardless.
Sources & methodologyshow
Where these figures come from
- Sacra — Midjourney revenue, funding & newsresearch database4 facts
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.