Midjourney acquires astrology app Co–Star
Midjourney has made its first acquisition, buying astrology app Co–Star mainly to bring in product and design talent as it plans to grow into a multi-project research lab.
Midjourney announced that it has acquired Co–Star, the astrology app. It is the image-generation company's first acquisition. The post does not give a price or any other deal terms.
Founder David Holz said the main reason for the deal is people. Co–Star's founder, named in the post only as Banu, and her team will join Midjourney "to help build a broader organization around Product and Design." Holz wrote that he met her a little over five years ago and that over time they came to talk "often several hours a week."
Co–Star will "remain entirely under Banu's control and direction," the post says. The team will also get "radically expanded resources" and work across Midjourney's other projects.
Holz described the deal as part of a bigger plan. He said Midjourney is meant to become "a very unusual research lab," which he said began with Midjourney Medical. He expects to announce "half a dozen similarly ambitious projects over the next 6 months." He did not say what those projects are.
The post does not say whether Co–Star's product will connect to Midjourney's AI models. It also does not give the size of the team joining or say how the app will be run financially. Midjourney added that it is hiring.