10 David

MIDJOURNEY

REVENUE: US $ 500M EMPLOYEES: 131 CEO: DAVID HOLZ FOUNDED: 2022

Holz has built something that defies Silicon Valley convention. His text-to-image generator charges up to US $ 120 monthly for unlimited commercially licensed generations – and it turned profitable by August 2022 – without taking a penny of external funding.

Now the CEO is making another counterintuitive move: hiring Ahmad Abbas, formerly of Apple’ s Vision Pro team, to develop custom silicon – controlling the entire inference stack while protecting the profit margins that make Midjourney an outlier.

. David Holz, CEO, Midjourney

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Introducing Midjourney V1 Video

42 January 2025