Founder or company statements, including dashboards they control.
Metric
Revenue (annualised)
As stated
“$401 million in sales in 2025”
Qualifier
Claimed
Period
2025
Claim date
2 Apr 2026
Notes
Company-reported to the NYT; Telecare Aware says the company 'reported to the NYT'. Implicator.ai says 'The Times verified Medvi's 2025 financials', and onhealthcare.tech says the NYT verified them. I could not open the NYT article to confirm its own wording about reviewing documents. If confirmed, this would qualify for grade B. Partial consistency: affiliate firm The Offer's court filings (per src-medvi-9) say its traffic drove 'tens of millions of dollars in revenues to Medvi per month'.
Relays the NYT profile of 2026-04-02 (Erin Griffith, nytimes.com/2026/04/02/technology/ai-billion-dollar-company-medvi.html). The NYT page itself was not fetchable.
Read via the tag archive page. Says the figures were 'reported to the NYT' by the company. Lists outsourced functions and OpenLoop's legal and breach issues.
Relays the NYT profile of 2026-04-02 (Erin Griffith, nytimes.com/2026/04/02/technology/ai-billion-dollar-company-medvi.html). The NYT page itself was not fetchable.
Read via the tag archive page. Says the figures were 'reported to the NYT' by the company. Lists outsourced functions and OpenLoop's legal and breach issues.
Italian. Launched September 2024; brother Elliot is the first employee and he also uses contract collaborators. Sells via CareValidate and OpenLoop Health. Gallagher's earlier company, Watch Gang, had about 60 employees.
Founder or company statements, including dashboards they control.
Metric
Founders
As stated
“Matthew Gallagher started Medvi from his Los Angeles home”
Qualifier
Claimed
Period
2024-09
Claim date
2 Apr 2026
Notes
From the NYT profile of 2026-04-02 (Erin Griffith), as relayed by Moneywise and Il Post. The NYT page could not be fetched; the domain is blocked for our tools.
Relays the NYT profile of 2026-04-02 (Erin Griffith, nytimes.com/2026/04/02/technology/ai-billion-dollar-company-medvi.html). The NYT page itself was not fetchable.
Italian. Launched September 2024; brother Elliot is the first employee and he also uses contract collaborators. Sells via CareValidate and OpenLoop Health. Gallagher's earlier company, Watch Gang, had about 60 employees.
Founder or company statements, including dashboards they control.
Metric
Employees
As stated
“Medvi only has two employees (Matthew and his brother Elliot)”
Qualifier
Claimed
Period
2026-04
Claim date
2 Apr 2026
Notes
Sources say 'two employees', counting the founder; the brother is the only hire. Employee_count excludes the founder, so it is 1. This originates with the company/NYT and was repeated by several outlets, with no independent headcount check. Dealroom phrases it as one employee besides the founder.
Relays the NYT profile of 2026-04-02 (Erin Griffith, nytimes.com/2026/04/02/technology/ai-billion-dollar-company-medvi.html). The NYT page itself was not fetchable.
Audited, regulatory or transaction-level evidence.
Metric
Revenue (annualised)
As stated
“"surpassed $200 million in revenue in 2023" (admitted by Midjourney)”
Qualifier
At least
Period
2023
Claim date
7 Oct 2025
Notes
Paragraph 61 of the Warner Bros. complaint alleges Midjourney 'surpassed $200 million in revenue in 2023'. In its answer, Midjourney 'denies that it earned $300 million in 2024' and 'admits the remaining allegations in paragraph 61'. This is a judicial admission in a federal court pleading signed by counsel. It is not audited, and it gives only a lower bound.
Regulatory filing · 7 Oct 2025 · checked 16 Oct 2026
Filed by Cooley LLP for Midjourney. Its response to paragraph 61: 'Midjourney denies that it earned $300 million in 2024. Midjourney admits the remaining allegations in paragraph 61.'
Regulatory filing · 7 Oct 2025 · checked 16 Oct 2026
Filed by Cooley LLP for Midjourney. Its response to paragraph 61: 'Midjourney denies that it earned $300 million in 2024. Midjourney admits the remaining allegations in paragraph 61.'
By Kate Clark. Paywalled: only the headline and byline were visible. The publication date is not visible but must be on or before 2023-09-06, when The Decoder cited it. Figures come from The Decoder's summary.
Audited, regulatory or transaction-level evidence.
Metric
Founders
As stated
“founded in 2021 by David Holz, its Chief Executive Officer”
Claim date
7 Oct 2025
Notes
Paragraph 61 of the Warner Bros. complaint (filed 2025-09-04) says Midjourney 'was founded in 2021 by David Holz'. In its answer (filed 2025-10-07), Midjourney admitted that paragraph except for the $300M 2024 revenue figure. This is a judicial admission by the company, not an audited fact. No co-founder is named in any source opened.
Regulatory filing · 7 Oct 2025 · checked 16 Oct 2026
Filed by Cooley LLP for Midjourney. Its response to paragraph 61: 'Midjourney denies that it earned $300 million in 2024. Midjourney admits the remaining allegations in paragraph 61.'
Founder or company statements, including dashboards they control.
Metric
Employees
As stated
“"$200 million in annual revenue with just 40 employees"”
Qualifier
Approximate
Period
2023
Claim date
6 Sep 2023
Derived
Team size 40 minus 1 founder
Notes
Originally reported by The Information (Kate Clark; paywalled, so only the headline and byline were seen), citing 'a source close to the company' per The Decoder. Graded C rather than B because only one outlet did original reporting and it relied on an anonymous source. Recorded as total_team_size because the press figure probably counts everyone, including the founder.
By Kate Clark. Paywalled: only the headline and byline were visible. The publication date is not visible but must be on or before 2023-09-06, when The Decoder cited it. Figures come from The Decoder's summary.
Regulatory filing · 7 Oct 2025 · checked 16 Oct 2026
Filed by Cooley LLP for Midjourney. Its response to paragraph 61: 'Midjourney denies that it earned $300 million in 2024. Midjourney admits the remaining allegations in paragraph 61.'
Founder or company statements, including dashboards they control.
Metric
Revenue (annualised)
As stated
“$10M+ ARR”
Qualifier
At least
Period
2026-06
Claim date
1 Jun 2026
Notes
This wording comes from the GTMnow podcast page's summary of the founder interview, not from a transcript. '$10M+' conflicts slightly with the founder's 'approaching $10M' ten days earlier. It is labelled 'ARR', but the founder's own method is not recurring revenue.
Founder or company statements, including dashboards they control.
Metric
Valuation
As stated
“raised $30 million at a $250 million valuation”
Qualifier
Claimed
Period
2026-05
Claim date
22 May 2026
Notes
The only source is the founder's announcement post, repeated by the press. Schneider's newsletter (src-polsia-11) calls it a '$250M post-money valuation'; that is unverified. The Form D for this offering (src-polsia-2) does not state a valuation. It lists the security type as an option, warrant or other right to acquire another security, not equity. The instrument and the meaning of the $250M (priced round vs. cap) are therefore unconfirmed. No investor statement confirming the valuation was found.
Independent press · 22 May 2026 · checked 16 Oct 2026
Primary source is the founder's X post https://x.com/Bencera/status/2057847644966547920, dated 2026-05-22 from its ID. The X post itself was not fetched (HTTP 402). First-party content.
Founder or company statements, including dashboards they control.
Metric
Founders
As stated
“solo founder, zero employees with a bunch of agents”
Qualifier
Claimed
Period
2026-02
Claim date
26 Feb 2026
Notes
Founder statement in a Mixergy interview recorded 2026-02-26 and published 2026-03-02. Both SEC Form D filings (src-polsia-1, src-polsia-2) list only Victor-Benjamin Broca as executive officer and director. That fits a single founder, but Form D does not list founders as such.
Several credible independent sources, or third-party verified data.
Metric
Revenue (annualised)
As stated
“MRR $274,147”
Period
2026-10
Claim date
16 Oct 2026
Derived
Annualised as MRR × 12
Notes
TrustMRR: 'Revenue is verified with Stripe API key.' Same page: last-30-days revenue $306,292; all-time revenue $1,444,128; 8,025 active subscriptions; 'Founded: July 2024'; last updated Oct 16, 2026.
Founder or company statements, including dashboards they control.
Metric
Revenue (annualised)
As stated
“Photoai.com is a 40,870 line index.php making 105,000/mo revenue and 80,000/mo profit”
Qualifier
Claimed
Period
2026-03
Claim date
6 Mar 2026
Derived
Annualised as monthly revenue × 12
Notes
MONTHLY REVENUE, NOT MRR. Levels has said his figures include annual plans ('Not MRR btw but monthly revenue'). Stored under mrr only because the schema has no monthly-revenue metric. This is the most recent Photo AI figure found. X post 2029708985008337342.
Founder or company statements, including dashboards they control.
Metric
Revenue (annualised)
As stated
“already in the 'seven-figure' annual recurring revenue range”
Qualifier
At least
Period
2026-04
Claim date
6 Apr 2026
Notes
CEO statement to Business Insider; 'seven-figure' means at least $1M. He also said the firm 'added roughly $200,000 in ARR in the past week'. BI notes Swan 'declined to provide exact revenue figures.'
Founder or company statements, including dashboards they control.
Metric
Employees
As stated
“4-person team; 'its four employees'”
Qualifier
Claimed
Period
2026-04
Claim date
6 Apr 2026
Derived
Team size 4 minus 3 founders
Notes
Business Insider (syndicated on Yahoo) headline and body. The CEO's own newsletter (2026-04-17) says 'Four people.' Neither says whether the fourth person is an employee, contractor or additional founder.
Founder or company statements, including dashboards they control.
Metric
Employees
As stated
“One full-time employee (Ngoc) + two part-time developers (Viet Anh and Ann)”
Period
2023-06
Claim date
6 Jul 2023
Notes
Excludes the founder. The post is titled 'How I work with employees', but it does not say whether the two part-time developers are employees or contractors. The full-time employee handles 'everything except coding'.
Several credible independent sources, or third-party verified data.
Metric
Revenue (annualised)
As stated
“MRR $36,603 (509 active subscriptions)”
Period
2026-10
Claim date
16 Oct 2026
Derived
Annualised as MRR × 12
Notes
TrustMRR: 'Revenue is verified with Stripe API key.' Same page: all-time revenue $1,902,753; last-30-days revenue $37,121; 'Founded: September 2023'; last updated Oct 16, 2026.
Founder or company statements, including dashboards they control.
Metric
Employees
As stated
“It's just me and one more person.”
Qualifier
Claimed
Period
2025-05
Claim date
15 May 2025
Derived
Team size 2 minus 2 founders
Notes
Founder interview with Nathan Latka (GetLatka page dated 2025-05-15; Founderpath transcript page dated 2025-06-12). The founder says each of his products is 'kind of a team of two people'. Total MarsX headcount is not stated.
Founder or company statements, including dashboards they control.
Metric
Revenue (annualised)
As stated
“ShipFast - $1,395 last 30 days”
Period
30 days to 2026-10-15
Claim date
15 Oct 2026
Derived
Annualised as monthly revenue × 12
Notes
TRAILING-30-DAY REVENUE FROM ONE-TIME SALES, NOT MRR. TrustMRR shows MRR '-' and 'No active subscriptions'. Stored under mrr only for lack of a monthly-revenue metric. Revenue is 'verified with Stripe API key', which would normally be grade B, but TrustMRR is owned and operated by ShipFast's founder, so it is treated as a self-hosted dashboard (C). Matches '$1.4k/mo' on marclou.com. A steep drop from ~$20K/month (Jan 2026), with no explanation found.
Verified dashboard · Undated · checked 16 Oct 2026
'Last updated: Oct 15, 2026, 08:01 PM'. 'Revenue is verified with Stripe API key.' TrustMRR is owned by Marc Lou (see src-shipfast-9), so this is graded C, not B. Also shows Founded July 2023, rank #92 and Team size 1.
Verified dashboard · Undated · checked 16 Oct 2026
'Last updated: Oct 15, 2026, 08:01 PM'. 'Revenue is verified with Stripe API key.' TrustMRR is owned by Marc Lou (see src-shipfast-9), so this is graded C, not B. Also shows Founded July 2023, rank #92 and Team size 1.
Verified dashboard · Undated · checked 16 Oct 2026
'Last updated: Oct 15, 2026, 08:01 PM'. 'Revenue is verified with Stripe API key.' TrustMRR is owned by Marc Lou (see src-shipfast-9), so this is graded C, not B. Also shows Founded July 2023, rank #92 and Team size 1.
Verified dashboard · Undated · checked 16 Oct 2026
'Last updated: Oct 15, 2026, 08:01 PM'. 'Revenue is verified with Stripe API key.' TrustMRR is owned by Marc Lou (see src-shipfast-9), so this is graded C, not B. Also shows Founded July 2023, rank #92 and Team size 1.
Audited FY2025 20-F, Note 3: Wix acquired 100% of Base44, Inc. on 2025-06-13. $1,000K of the cash went into escrow for 12 months. The founder's earnout depends on 'revenue-related metrics for the calendar years 2025 through 2028'. The contingent liability was remeasured to $89,531K at 2025-12-31. Not counted in purchase price: 'cash retention bonuses and other payments totaling $42,988 [thousand]' to the founder and certain employees through 2028, plus $8,000K of RSUs and PSUs, both treated as compensation. Goodwill was $80,893K and intangibles $14,130K. Closing cash ($18.1M) is far below the widely reported '$80M cash'.
Audited financials · 5 Mar 2026 · checked 16 Oct 2026
Fetched via curl (WebFetch truncated at 100K characters). Audited acquisition accounting: $92,158K total consideration, earnout on 2025–2028 revenue metrics, $42,988K retention and other payments, $8,000K RSUs and PSUs.
Independent press · 4 Mar 2026 · checked 16 Oct 2026
Says he sold Base44 'with fewer than 10 employees' and 'without raising external funding'. Another CTech headline reportedly says the $90M is in shares; not checked.
Independent press · 4 Mar 2026 · checked 16 Oct 2026
Says he sold Base44 'with fewer than 10 employees' and 'without raising external funding'. Another CTech headline reportedly says the $90M is in shares; not checked.