MiniMax
PrivateLast Round
IPO
Jan 9, 2026
Est. Valuation
$6.5B
Total Funding Raised
$1.8B
Momentum
Top 25%
of companies Caplight tracks
Company Overview
MiniMax is an artificial intelligence company that develops multimodal foundation models and AI-native applications for text, voice, and image generation.
Sector
AI, Data & Cloud Infrastructure
Verticals
NLP & Conversational AI, Content Creation, ML Platforms
Business Model
B2C
Customer Profile
Usage-Based SaaS, Subscription SaaS
AI Layer
Foundation
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
MiniMax Comparables
Compare MiniMax with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| StepFun | 85% | |
| Moonshot AI | 84% | |
| Baichuan | 82% |
MiniMax Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| IPO | Jan 9, 2026 | ||||
| Growth Equity | Sep 25, 2025 | ||||
| Series B Extension | Jul 1, 2025 | ||||
| Series B | Mar 1, 2024 | ||||
| VC Round | Jul 1, 2023 | ||||
Series A | Jun 1, 2023 |
Key People
Founding team and executive leadership
MiniMax Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Mingshi Investment Management | Seed |
| Aspex Management | IPO |
| UBS Group AG | IPO |
| IDG Capital | Seed, Angel, Series A, IPO |
| Boyu Capital | IPO |
| Mirae Asset | IPO |
| Hillhouse Investment | VC Round, Series A, IPO, Angel |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jul 3, 2026
Open roles increased to 257, 98% of headcount.
- Jun 19, 2026
Open roles increased to 244, 93% of headcount.
Recent news
Latest coverage and updates
- launchesSep 27, 2026
Minimax Group launches M3.1-Flash-Preview text model.
- integrates_withSep 18, 2026
Minimax Group integrated with Singtel on Sep 16th '26.
- is_developingSep 15, 2026
Minimax Group is developing LLMs..
- has_issues_withSep 9, 2026
Minimax Group had issues with wide-scale distillation campaigns on Jan 1st '26.
- has_issues_withSep 8, 2026
Minimax Group had issues with using variants of American-made AI models on Sep 8th '26.
MiniMax Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
Request accessFrequently Asked Questions
Common questions about MiniMax's valuation, stock price, and market status.
Is MiniMax a public or private company?
MiniMax is a private company.
What is the current stock price of MiniMax?
MiniMax is a private company with no public stock price. No recent secondary market data is available.
How much is MiniMax worth (valuation)?
MiniMax's valuation is estimated at $6.5B based on funding round data.
Can I buy MiniMax stock?
MiniMax shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.
When was MiniMax's last funding round?
MiniMax's most recent funding round was IPO on January 9, 2026.
Who are the main investors in MiniMax?
Key investors in MiniMax include UBS Group AG, China International Capital Corporation, Shanghai State-owned Capital Investment, Shanghai State-owned Assets Supervision and Administration Commission, Counterpoint Global (Morgan Stanley).
Will MiniMax IPO soon?
No public IPO plans have been announced for MiniMax.
How can I track MiniMax secondary market activity?
Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor MiniMax's secondary market activity and sign up for updates.