MiniMax
PrivateLast Round
IPO Announced
Jan 9, 2026
Est. Valuation
$6.5B
Total Funding Raised
$1.71B
Momentum Score
50 /100
Company Overview
MiniMax is an artificial intelligence (AI) company based in Shanghai, China, founded in December 2021 by former employees of SenseTime. Dubbed one of China's "AI Tigers," the company develops large-scale, multimodal foundation models for text, voice, and image generation, positioning itself as a competitor to global AI leaders like OpenAI and Google. MiniMax has received significant venture capital, with backers including Alibaba and Tencent, reaching a valuation of over $2.5 billion after a $600 million funding round in March 2024. The company's products include the AI chat applications "Talkie" and "Xing Ye", and the multimodal platform "Hailuo AI".
Sector
AI, Data & Cloud Infrastructure
Verticals
ML Platforms, NLP & Conversational AI, Content Creation, Computer Vision
Business Model
B2C
Customer Profile
Usage-Based SaaS, Subscription SaaS, Freemium
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.
MiniMax Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| IPO Announced | Jan 9, 2026 | ||||
| Growth Equity | Sep 25, 2025 | ||||
| Growth Equity | Jul 15, 2025 | ||||
| Series B | Mar 6, 2024 | ||||
| Series A | Jun 1, 2023 | ||||
Series A | May 4, 2023 |
MiniMax Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Mingshi Investment Management | Seed |
| Aspex Management | IPO |
| UBS Group AG | IPO |
| IDG Capital | IPO |
| Mirae Asset | IPO |
| Hillhouse Investment | IPO |
| China International Capital Corporation | IPO |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jun 8, 2026
Open roles increased to 159, 67% of headcount.
- Jun 2, 2026
Grew 30% QoQ, from 203 to 263 employees.
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.
