Midjourney describes itself as an “independent research lab” known for producing a generative AI program that creates images based on natural language descriptions, commonly referred to as prompts. Founded by David Holz, a co-founder of Leap Motion, Midjourney officially entered its open beta phase on July 12, 2022.
Users can access Midjourney primarily through its Discord bot or via its official website. The process of image generation typically involves the use of a command, where users input descriptions of their desired images. The AI then responds with four unique visuals based on the given prompt, which can be further refined or upscaled.
It has now over 21 million members on Discord. Though there is no formal announcement about its ARR, data shows it reached $200M ARR in 2 years with 10 people. But now, Aragon AI CEO Wesley Tian said Midjourney's ARR hits $500M with 40 people.
Midjourney ARR hit $500M
⚡ Grew from $300M to $500M ARR in just 2.5 months (beating 72% of SaaS peers)
Reported ARR$500M
Growth Rate+316%
IndustryAI Video & Image
Feb 20, 2025
Midjourney ARR hit $500M$500M
⚡ Grew from $300M to $500M ARR in just 2.5 months (beating 72% of SaaS peers)
Dec 5, 2024
Midjourney Reaches $300M ARR$300M
⚡ Grew from $200M to $300M ARR in just 11.7 months
Dec 13, 2023
Midjourney Reaches $200M ARR$200M
⚡ Grew from $50M to $200M ARR in just 12.2 months (beating 53% of SaaS peers)
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