MiniMax
PrivateLast Round
IPO Announced
Jan 9, 2026
Est. Valuation
$6.5B
Total Funding Raised
$1.8B
Momentum
Top 5%
of companies Caplight tracks
Company Overview
MiniMax is an artificial intelligence company that develops multimodal foundation models and AI-native applications for text, voice, and image generation.
Sector
AI, Data & Cloud Infrastructure
Verticals
NLP & Conversational AI, Content Creation, ML Platforms
Business Model
B2C
Customer Profile
Usage-Based SaaS, Subscription SaaS
AI Layer
Foundation
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
MiniMax Comps
Public and private peers based on sector, stage, and business model.
| Company | Status | Est. Valuation | Rev Multiple |
|---|---|---|---|
| OpenAI | Private | $86.0B | ~40x |
| Cohere | Private | $5.0B | -- |
| Competitor 1 | Public | $XX.XB | XXx |
| Competitor 2 | Public | $XX.XB | XXx |
MiniMax Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| IPO Announced | Jan 9, 2026 | ||||
| Growth Equity | Sep 25, 2025 | ||||
| Series B Extension | Jul 1, 2025 | ||||
| Series B | Mar 1, 2024 | ||||
| VC Round | Jul 1, 2023 | ||||
Series A | Jun 1, 2023 |
MiniMax Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Mingshi Investment Management | Seed |
| Aspex Management | IPO |
| UBS Group AG | IPO |
| IDG Capital | Angel, Series A, IPO |
| Boyu Capital | IPO |
| Mirae Asset | IPO |
| Hillhouse Investment | VC Round, Series A, IPO, Angel |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jul 3, 2026
Open roles increased to 257, 98% of headcount.
- Jun 19, 2026
Open roles increased to 244, 93% of headcount.
MiniMax Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about MiniMax's valuation, stock price, and market status.