Generative AI Company Midjourney's Annual Revenue Exceeds $200 Million, Valuation Could Reach $10 Billion
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Midjourney, a generative AI company, has been in operation for just two years with a team of only 40 employees, yet it has already surpassed an annual revenue of $200 million and is valued at a staggering $10 billion. Unlike other startups, Midjourney adheres to independent development and has not accepted external investments. Founder David Holz emphasizes the company's uniqueness, viewing it not merely as a chatbot but as a vessel for the mind. He achieves profitability for the company by charging users a monthly subscription fee, without the need for extensive promotion. The company has gained widespread user recognition on the Discord platform, with its user base growing from 2 million to 14.8 million.
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