The Ledger
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Casado: Midjourney Leads AI Image Generation With Zero Institutional VC Funding
“Mid journey was the first that got above the quality bar. It's taken zero investment from institutions. It's still the market leader. And it continues to do great.”
Midjourney reached $200M ARR with virtually zero venture capital
“Mid, mid journey company that's raised next to no money or no money at all. And now does, I think, two hundred million in ARR.”
Socher: AI image generation capabilities have effectively maxed out
“And that is an image generation. It's photorealistic now. Look at some of these mid journey images. You can just say, I want this exact thing. And it'll just give you a photorealistic image of the scene you just described. Where do you go from there? You can't…”