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MiniMax

Founded: 2021HQ: Shanghai, China
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Total Funding$757M
Valuation$2.5B
Headcount250-500
Founded Year2021

Profile Overview

MiniMax is a Chinese artificial intelligence company founded in December 2021 by Yan Junjie (闫俊杰), a former researcher from SenseTime and a PhD from the Chinese Academy of Sciences' Institute of Automation. Headquartered in Shanghai, MiniMax is recognized as one of China's leading AI "Tigers" — the top-tier group of homegrown foundation model companies. The company has developed a comprehensive suite of multimodal AI models spanning text, speech, and vision, underpinned by its proprietary MiniMax-Text and MiniMax-VL large language models. MiniMax operates one of China's most popular consumer AI products with Hailuo AI (海螺AI), a free conversational assistant that supports voice interaction and multimodal generation, and Talkie (星野), a widely used AI companion and character chatbot platform popular among younger Chinese users. The company also offers enterprise APIs through its MiniMax Developer Platform. MiniMax is known for emphasizing efficient model architectures that deliver long-context understanding (up to 4 million tokens) and cost-efficient inference. In March 2024, MiniMax raised $600 million in a Series B funding round led by Alibaba, bringing total funding to $757 million and valuing the company at $2.5 billion. MiniMax's dual focus on consumer-facing products and developer APIs has made it one of the most commercially successful Chinese AI startups.

Last Financing Round

Round TypeSeries B
Amount Disclosed$600,000,000
Announced DateMarch 15, 2024

Flagship Offerings

Hailuo AITalkieMiniMax Text API
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Vetted AI Models

No models currently cataloged under MiniMax.