Bootstrapped AI image generation lab with no outside investors, delivered via web and Discord.
Midjourney is a bootstrapped AI image generation lab founded by David Holz (former Leap Motion co-founder), notable for taking zero outside investment while scaling to ~$500M ARR by 2025 (up from ~$300M in 2024). Originally Discord-native, it operates with a famously small team of ~50 and is estimated by CB Insights at ~$10B if it were to raise.
AI📍 San Francisco, CAFounded 2021
Current Valuation
$10B
as of 2024
DECACORN
QL Price
$9.1B
-9% vs last round
QuantLogix's current estimate for Midjourney, published 2026-10-07 — below the last disclosed round of $10B (2024).
Confidence
medium
Basis
comps led
What backs this price
Last disclosed round
$10B
2024
weight 0.29
Public-company comparables
$7.1B
2025
weight 0.13
How this price has held up
No round has priced for Midjourney since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-10-07 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Midjourney, 2026-10-07 (997c9c21d1b68f01).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookprivate
Is Midjourney going public?
No. Midjourney is private and has not filed to go public. There is no S-1 on file.
What is Midjourney's valuation in 2026?
Midjourney is valued at $10B as of 2024. That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Midjourney filed an S-1?
No public S-1 is on file for Midjourney.
Is Midjourney publicly traded — can you buy Midjourney stock?
No. Midjourney is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Midjourney on its Pre-IPO Access Desk.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
David Holz
Founded
2021
HQ
San Francisco, CA
Employees
~50
Est. Revenue
$500M (2025)
Growth
Bootstrapped since 2021 and profitable on subscriptions: Midjourney has never taken outside investment, so it has no investors, no cap table and no priced round. Any valuation attached to it — including the $10B on this row — is a third-party estimate derived from revenue, not a financing print.
IPO Status
private
Fundraising Status
private
Vertical Intelligence — AI / ML
No verified Hugging Face organization found for Midjourney — no attributable open-model footprint. Closed-weights labs are common; this is a distribution signal, not a capability judgment.
Checked huggingface.co as of 2026-10-04. Re-checked weekly.
Talent Signal
Hiring trend
▶ Hiring steady
0% vs 2026-08
Open roles
16
via ashby
Product-build share
75%
engineering, research, product, design
Trajectory
steady
heavy product build — 75% of open roles are product-building functions (engineering/research/product) — 4 of 16 open roles are other.
Counted from Midjourney's live job board as of 2026-09-15; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Founders & Key People
David Holz
Products
Midjourney (web + Discord image generation)
Midjourney v7 model
Niji (anime model)
Video generation (research preview)
Competitors
OpenAI (DALL-E) · Stability AI · Black Forest Labs (Flux) · Ideogram · Adobe Firefly
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2024. Refreshed quarterly.