M
MiniMax
Graduated neolabDevelops multimodal foundation models and AI-native consumer and API products
Raised, confirmed$1.56B7 confirmed rounds
Valuation, confirmed$4.24BAug 2025 post-money
Valuation, reported—no open report
Founded2021CN
Key facts
| Field | Value | Source · checked |
|---|---|---|
| Classification | Graduated neolabMultimodal model developer listed on the Hong Kong Stock Exchange since 9 January 2026 after raising HK$4.8 billion in its IPO | |
| Founded | 2021 | |
| Headquarters | CN | www1.hkexnews.hk Our headquarters are based, and substantially all of the business operations of our Group, are managed and conducted in the PRC.checked 9 Nov 2026 |
| Founders | Yan Junjie, Yun Yeyi | |
| Website | minimax.io | |
| Profiles and work | X @MiniMax_AILinkedInHugging Face, 24 modelsGitHub, 40 public reposWikidata | How links are checkedchecked 10 Nov 2026 |
Funding rounds
MiniMax has raised $1.56B in rounds confirmed by the company, a regulator or two independent outlets. Status rules: methodology.
| Date | Round | Amount | Valuation | Investors | Status | Source · checked |
|---|---|---|---|---|---|---|
| Aug 2025 | Series Pre-B++ | $390M | $4.24B post-money | not disclosed | Confirmed | HKEX (Global Offering prospectus) We have received several rounds of Pre-IPO Investments since our inception.checked 9 Nov 2026 |
| Dec 2024 | Series Pre-B+ | $124M | $3.12B post-money | not disclosed | Confirmed | HKEX (Global Offering prospectus) We have received several rounds of Pre-IPO Investments since our inception.checked 9 Nov 2026 |
| Mar 2024 | Series Pre-B | $654M | $2.55B post-money | Lead: Alibaba | Confirmed | HKEX (Global Offering prospectus) We have received several rounds of Pre-IPO Investments since our inception.+1 more sourcechecked 9 Nov 2026 |
| Jul 2023 | Series A+ | $50M | $1.6B post-money | not disclosed | Confirmed | HKEX (Global Offering prospectus) We have received several rounds of Pre-IPO Investments since our inception.checked 9 Nov 2026 |
| May 2023 | Series A | $257M | $1.16B post-money | not disclosed | Confirmed | HKEX (Global Offering prospectus) We have received several rounds of Pre-IPO Investments since our inception.checked 9 Nov 2026 |
| Mar 2022 | Series Pre-A | $50M | $550M post-money | not disclosed | Confirmed | HKEX (Global Offering prospectus) We have received several rounds of Pre-IPO Investments since our inception.checked 9 Nov 2026 |
| Dec 2021 | Series Angel | $31M | $200M post-money | not disclosed | Confirmed | HKEX (Global Offering prospectus) We have received several rounds of Pre-IPO Investments since our inception.checked 9 Nov 2026 |
Notes on these rounds
- Aug 2025 Series Pre-B++: Amount and post-money valuation as disclosed in the listing prospectus; the date is the investment agreement date.
- Dec 2024 Series Pre-B+: Amount and post-money valuation as disclosed in the listing prospectus; the date is the investment agreement date.
- Mar 2024 Series Pre-B: Prospectus discloses US$654M at US$2,554M post-money; SiliconANGLE reported US$600M at US$2.5B, led by Alibaba (March 2024).
- Jul 2023 Series A+: Amount and post-money valuation as disclosed in the listing prospectus; the date is the investment agreement date.
- May 2023 Series A: Amount and post-money valuation as disclosed in the listing prospectus; the date is the investment agreement date.
- Mar 2022 Series Pre-A: Amount and post-money valuation as disclosed in the listing prospectus; the date is the investment agreement date.
- Dec 2021 Series Angel: Amount and post-money valuation as disclosed in the listing prospectus; the date is the investment agreement date.
People
| Name | Role | Before | Now | Source · checked |
|---|---|---|---|---|
| Yan JunjieScholar | Founder, Chairman, CEO & CTO | SenseTime (Vice President) | Current | www1.hkexnews.hk Dr. Yan Junjie (閆俊傑), the founder, the chairman of the Board, chief executive officer, chief technology officerchecked 9 Nov 2026 |
| Yun YeyiLinkedIn | Executive Director | — | Current |
Professional facts from public sources only. How people records are handled.
What it has shipped
| Name | Kind | Date | Open weights | Source · checked |
|---|---|---|---|---|
| MiniMax Code workflows and skills (mcode-stack) | tool | 28 Oct 2026 | — | github.com The workflows and skills the MiniMax Code team uses to build MiniMax Code.checked 10 Nov 2026 |
| MiniMax M3.1 Flash | model | 19 Oct 2026 | Yes | |
| MiniMax M3 | model | — |
Latest posts on X
The most recent posts from @MiniMax_AI, the X account of MiniMax, quoted as posted. Replies and reposts are left out. How posts are selected.
4K image generation in 10 seconds! ⚡ Meet MiniMax H3-Image. 16 million pixel resolution. Stunning realism. Precise prompt following & editing. Up to 16 reference images. All in 10 seconds. And it's open-weight. 🚀 Available now via our API, MiniMax Code, and Hailuo AI — with 50% off 16MP+ generations during launch week! Can't wait to see what you create. 🔥 Hugging Face: huggingface.co/MiniMaxAI/MiniMax-H3-Image API: platform.minimax.io/docs/guides/image-gen… MiniMax Code: code.minimax.io/about
View the post on X · With video
M3.1 Flash is live on @FireworksAI_HQ . Let’s talk about how it was built—over cocktails. Join MiniMax and @FireworksAI_HQ for Code & Cocktails in SF, where @Prof_OZ from Fireworks and @VictorSuOrtiz from MiniMax will discuss: → What went into building M3.1 Flash for long-running agents → How coding, tool use, and visual reasoning work together → What cheaper cached tokens mean for the cost of agent loops Then drinks, bites, and time to compare notes with other builders. 📅 Tuesday, November 10 · Doors at 6 PM, fireside at 6:45 PM 📍 San Francisco · Venue shared after registration approval…
Read the full post on X · With 1 image
MiniMax M3.1 Flash, on more of your hardware. Quantizing a 428B model opens up more ways to run it locally. Lower-bit weights reduce the memory needed to load the model and the weight data moved during decoding. Making those savings useful takes careful calibration, efficient low-bit kernels, and hardware-aware placement of experts across GPU and system RAM. Thank you to the builders doing that work: • @UnslothAI @danielhanchen — 2-bit Dynamic GGUF weights at 143.9 GB, with calibration and fidelity testing across coding, tool use and other workloads. • @ViC305 — SAGE-EXL3, token-level…
Read the full post on X · With 1 image
checked 10 Nov 2026
Commonly cited, checked
Figures and statements about MiniMax that circulate in lists and summaries, and what the sources support.
| Claim | Finding | Source |
|---|---|---|
| Shanghai | Prospectus states headquarters and operations are in the PRC; city not stated in the passage checked. | www1.hkexnews.hk Our headquarters are based, and substantially all of the business operations of our Group, are managed and conducted in the PRC. |
| IPO on HKEX on 9 January 2026 | Confirmed: listed 9 January 2026 at HK$165, raising HK$4.8 billion. | scmp.com MiniMax raised HK$4.8 billion after pricing the shares at the top of the marketed range |
Work at MiniMax, or see something wrong? Update this profile with a public source. How corrections work.