Midjourney IPO status, timeline, valuation and S-1 filing tracker. Last updated July 2026.
| Industry | Generative AI / Creative Tools |
| Stage | Series B |
| IPO Status | Pre-IPO |
| Valuation | $10B |
| Total Funding | $150M |
| Headquarters | San Francisco, CA |
| IPO Readiness Score | 76/100 |
| Founded | 2021 |
Track Midjourney IPO status, valuation updates, and S-1 filing milestones on TechStackIPO. Last updated July 2026.
Midjourney is the self-funded AI image generation platform generating $500M+ in annual revenue with a lean team of 100 employees. Valued at $10B after a $150M Series B led by Lightspeed, Midjourney commands ~27% of the global AI image market with 21M registered users. Expanded into AI video generation in 2025 — top IPO candidate as generative AI tools disrupt the $100B+ creative software market.
Midjourney is in the pre-IPO phase as of July 2026. With an IPO readiness score of 76/100, the company ranks among the more IPO-ready companies in the Generative AI / Creative Tools sector. Pre-IPO companies at this stage typically evaluate market conditions, complete board appointments, and engage underwriters before initiating the formal S-1 filing process.
Midjourney is valued at $10B based on the most recent private market data. The company has raised a total of $150M in funding. Private market valuations are determined by the latest funding round and may differ from eventual IPO pricing, which reflects public market conditions, investor demand, and comparable company multiples at the time of listing.
Funding rounds from seed through latest — Series A, B, C and beyond.
| Round | Date | Amount | Valuation | Lead Investor(s) |
|---|---|---|---|---|
| Series B | Oct 2025 | $150M | $10B | Lightspeed Venture Partners |
Total funding raised: $150M
Bear / base / bull scenarios based on current private market valuation and comparable IPO multiples.
| Scenario | Est. Valuation | Basis |
|---|---|---|
| Bear | $7.5B | Compressed multiples, delayed listing |
| Base | $10B | Last private round valuation |
| Bull | $14.0B | Strong market, premium AI/tech multiple |
Estimates are illustrative. Not investment advice. All figures based on publicly available data.
Midjourney has an IPO readiness score of 76/100 on TechStackIPO. A high readiness score suggests IPO activity could occur within the next 1–2 years.
Midjourney's last known private valuation is $10B. IPO valuations typically reflect current market conditions at time of listing and may differ from private market valuations.
Pre-IPO access options may include: (1) secondary market platforms such as Forge Global or EquityZen that facilitate private share sales, (2) ETFs holding pre-IPO companies or venture portfolios, and (3) direct secondary share purchases if eligible as an accredited investor. TechStackIPO tracks availability but does not facilitate investments.
No. Midjourney has not yet filed an S-1 registration statement with the SEC as of TechStackIPO's latest data update.
Midjourney operates in the Generative AI / Creative Tools sector. TechStackIPO tracks multiple Generative AI / Creative Tools companies from seed through IPO, including their funding rounds, valuations, and IPO readiness scores. You can compare Midjourney against other Generative AI / Creative Tools companies using TechStackIPO's comparison tool.
Midjourney is at the Series B stage. The company has raised a total of $150M in funding. Companies at this funding stage are typically scaling operations, expanding market share, and evaluating public market timing.
Midjourney is headquartered in San Francisco, CA. The company's location can influence IPO exchange selection, regulatory requirements, and investor interest. Companies headquartered in major tech hubs often benefit from proximity to venture capital networks and talent pools.