Midjourney ARR at $500M with 40 people?
Together AI now valued at $3.3B
AI Infra and Applications are growing faster than ever.
ChatGPT crossed 400M WAU
Key figures from OpenAI COO Brad Lightcap:
ChatGPT Weekly active users surpassed 400 million, marking a 33% increase from 300 million three months ago.
2M+ business users now use ChatGPT at work.
Reasoning model API use is up 5x since the o3 mini launch.
Lightcap said they'll bring GPT-4.5 and GPT-5 to chat and the API soon, with unlimited GPT-5 for free users. GPT-5 will unify our GPT and o-series models into a single powerful model.
Together AI valued at $3.3B
Together AI is now valued at $3.3B after its $305M Series B. Together AI is the AI cloud platform that empowers developers and researchers by offering decentralized cloud services to train, fine-tune, and deploy generative AI models.
Key figures from Together AI:
ARR Growth: 6x
Customer Growth: 20x
AI developers: 450K+
Supporting over 200 open-source models
Customers include companies like Salesforce, Zoom, SK Telecom, Hedra, Cognition, Zomato, Krea, Cartesia, and The Washington Post.
CEO of Together AI said AI is transforming every industry, creating unprecedented efficiencies and enabling entirely new classes of products. They want to Make Open Source AI Accessible to All.
What impresses me is Together’s growth in revenue, last year, Together AI reached $100M ARR in less than 10 months. Now at a growth of 6x ARR, it must be more than $100M.
Midjourney ARR at $500M with 40 people
The widespread graph cited “Small Teams are the Future” from my last piece 0 to $10M ARR in 1 year with 2 person: Small Teams+AI is the Future. Midjourney is 0 to $200M ARR in 2 years with 10 people.
Now, Midjourney ARR may hit $500M with 40 people, CEO of Aragon AI Wesley Tian shared in a LinkedIn post reply.
I couldn’t find additional information to verify it. I did some research and some estimates suggest that Midjourney’s ARR surpassed $300 million in 2024. Whether it is accurate or not, it is impressive that Midjourney did a great job in a tiny team.
Rise of AI Applications: Icon did ~$130K in 1 day and blew past $1M ARR
The AI Application focused on enterprise recently caught my eye, and I have high expectations for it due to the massive market demand and the team’s impressive capabilities.
It is very impressive that after days of launch, it did nearly $130K in 1 day and blew past $1M ARR. It is expected to reach $5M ARR within 1 month.
