Lab profileActive listed lab
MiniMax (稀宇科技)
Multimodal ShowrunnersTotem · Min-max bracket
Known for: Consumer AI, characters, voice/video, and multimodal products.
Shanghai foundation-model lab founded by ex-SenseTime executives.
abab seriesMiniMax-01 (Lightning Attention)M1 / M2.5 / M2.7Hailuo (video)TalkieXingye
Valuation
$18.7B
Market cap · live, 2026-06-09
via Yahoo Finance
Funding raised
$1.8B
~$1.8B cumulative disclosed funding, including $619M IPO proceeds
Employees
415
2026-06-09
via Yahoo Finance
Market cap / employee
$45.0M
How lean the team is
Key people
Investors
Government backing
Shanghai SASAC / Municipal Gov (上海市国资委)
Notable alumni & departures
Models & API pricing
Rates are OpenRouter's listed prices (USD per 1M tokens), a convenient cross-provider benchmark. First-party / native API pricing in China can differ, sometimes materially. Source: OpenRouter, as of May 29, 2026. Compare them on the models page.
News & coverage
Notable recent updates, newest first.
ISR 1 hour
ProductJun 5, 2026
MiniMax
MiniMax (Chinese: 稀宇科技) apologizes for switching to token-based billing for its M3 model, offering subscription protection.
MiniMax (Chinese: 稀宇科技) apologizes for switching to token-based billing, announces subscription rights protection and migration plan
DealMay 31, 2026
MiniMax
MiniMax (Chinese: 稀宇科技) plans an IPO on Shanghai's STAR Market, a major milestone for the AI startup.
MiniMax (Chinese: 稀宇科技) Plans IPO on STAR Market