Midjourney, a privately owned independent research lab founded in 2021 and headquartered in the US, develops generative AI. Employing approximately 90 people, the company's reported revenue in 2023 was less than $10 million. Its stated mission is to explore novel methods of thought and enhance human creativity.
Midjourney released its latest model, V7, as an alpha version on the 4th (local time), according to a blog post. This is the company's first new model in approximately one year. The announcement follows the recent popularity of AI-generated images, including those styled after Ghibli animation.
Subscribe for full access to Midjourney's products in full detail 
