MiniMax
Develops large language models and generative AI products, using substantial private funding to advance model and product development.
Overview
MiniMax is a Shanghai-based Chinese generative AI startup developing large language models and AI products. It operates in the foundation-model market, building core model capabilities and related applications for generative AI use cases. The company has raised about $2.75 billion across reported financings, including a $250 million Series A in 2023, a $600 million Series B in 2024 to fund LLM and AI product development, and a 2026 share sale and convertible bond process seeking $1.9 billion. Reports cited valuations of roughly $1.2 billion after Series A and above $2.5 billion after Series B.
Funding History
MiniMax Seeks $1.9 Billion From Share Sale, Convertible Bond
MiniMax raised $600 million in a later round to fund its large-language-model and AI product development, with reports citing a post-money valuation above $2.5 billion.
MiniMax raised about $250 million in a Series A financing round, reportedly valuing the Chinese generative AI startup at roughly $1.2 billion.
Frequently Asked Questions
- How much funding does AI Funding track for MiniMax?
- AI Funding tracks $2.8B for MiniMax across 3 funding rounds in this database.
- Who are MiniMax's investors?
- MiniMax's investors include Alibaba Group, Tencent, Share Sale, Convertible Bond.
- What does MiniMax do?
- MiniMax is a Shanghai-based Chinese generative AI startup developing large language models and AI products. It operates in the foundation-model market, building core model capabilities and related applications for generative AI use cases. The company has raised about $2.75 billion across reported financings, including a $250 million Series A in 2023, a $600 million Series B in 2024 to fund LLM and AI product development, and a 2026 share sale and convertible bond process seeking $1.9 billion. Reports cited valuations of roughly $1.2 billion after Series A and above $2.5 billion after Series B.
- Where is MiniMax headquartered?
- MiniMax is headquartered in Shanghai, China.
Investors
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