MiniMax
Builds foundation AI models and generative applications for text, audio, and video use cases across consumer and enterprise markets.
Overview
MiniMax is an AI company developing foundation-model technology and generative AI applications spanning conversational, audio, and video use cases. Its products target both consumer adoption and enterprise customers seeking AI-native interfaces and content generation tools. The company is positioned among China’s major AI model developers, with differentiation tied to multimodal model capabilities and application-layer distribution. Its disclosed funding context is a planned $1.9 billion raise through a share sale and convertible bond.
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 has MiniMax raised in total?
- MiniMax has raised a total of $2.8B across 3 funding rounds.
- Who are MiniMax's investors?
- MiniMax's investors include Alibaba Group, Tencent, Share Sale, Convertible Bond.
- What does MiniMax do?
- MiniMax is an AI company developing foundation-model technology and generative AI applications spanning conversational, audio, and video use cases. Its products target both consumer adoption and enterprise customers seeking AI-native interfaces and content generation tools. The company is positioned among China’s major AI model developers, with differentiation tied to multimodal model capabilities and application-layer distribution. Its disclosed funding context is a planned $1.9 billion raise through a share sale and convertible bond.
- Where is MiniMax headquartered?
- MiniMax is headquartered in Shanghai, China.
Investors
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