AI
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Company Snapshot
MiniMax is a AI infra company, based in Shanghai, China, founded 2021 by Yan Junjie. Total funding ~$2B (2026 raise: shares + convertible bonds) (As of Jul 10, 2026).
Recent changes
- Jul 31, 2026Jul 31, 2026China's MiniMax Open-Sources H3 Video Model Pulse story
- Jul 10, 2026Jul 10, 2026First reported total funding: ~$2B (2026 raise: shares + convertible bonds) SiliconANGLE
Latest Pulse
- Aug 3, 2026Small Open Models Are Becoming Labs' New Funnel StrategyThinking Machines' Inkling-Small matches its flagship within one point at a quarter of the compute, and MiniMax open-sourced a competitive video model at a third of rivals' cost -- distillation is now a release strategy, not a side project.→
- Jul 31, 2026China's MiniMax Open-Sources H3 Video ModelMiniMax released its H3 multimodal video generation model, producing 2K resolution clips with native stereo sound at under a third the cost of mainstream competitors, with full weights set to open-source.→
- Jul 23, 2026China's AI Labs Race Toward A Wave Of IPOsMoonshot, DeepSeek, MiniMax and Z.ai are all pursuing or completing public listings within months of each other, a compressed wave of Chinese AI IPOs that resets how investors value the entire sector.→
Coverage Timeline
newest firstAll Coverage
AI
Small Open Models Are Becoming Labs' New Funnel Strategy
Thinking Machines' Inkling-Small matches its flagship within one point at a quarter of the compute, and MiniMax open-sourced a competitive video model at a third of rivals' cost -- distillation is now a release strategy, not a side project.
AI
China's MiniMax Open-Sources H3 Video Model
AI<1/3 cost per second
China's MiniMax Open-Sources H3 Video Model
MiniMax released its H3 multimodal video generation model, producing 2K resolution clips with native stereo sound at under a third the cost of mainstream competitors, with full weights set to open-source.
IPO
China's AI Labs Race Toward A Wave Of IPOs
IPO
China's AI Labs Race Toward A Wave Of IPOs
Moonshot, DeepSeek, MiniMax and Z.ai are all pursuing or completing public listings within months of each other, a compressed wave of Chinese AI IPOs that resets how investors value the entire sector.
Related Companies
Sources & methodologyshow
Where these figures come from
- SiliconANGLEValue Add VC data1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.