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
Revenue
$79.0M
As of 2026-03-03
via MiniMax results / KR Asia
ARR
$150M+
As of 2026-03-03
via MiniMax results / KR Asia
Valuation
$14.7B
Market cap · live, 2026-08-14
via Yahoo Finance
Funding raised
$1.8B
~$1.8B cumulative disclosed funding, including $619M IPO proceeds
Employees
415
2026-08-14
via Yahoo Finance
Market cap / employee
$35.5M
How lean the team is

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 Aug 16, 2026. Compare them on the models page.

MiniMax M3
1049K context
$0.3
Input / 1M
$1.2
Output / 1M

News & coverage

Notable recent updates, newest first.

ISR 1 hour
DealAug 5, 2026
MiniMax

MiniMax (Chinese: 稀宇科技) gained access to mainland Chinese investors as the Shanghai Stock Exchange added its shares to the Stock Connect program.

Shanghai Stock Exchange Adds MiniMax (Chinese: 稀宇科技), Luxshare, and Three Circles to Stock Connect Eligible List
ProductJul 31, 2026
MiniMax

MiniMax (Chinese: 稀宇科技) launches H3, a video model with full-modal control for commercial video production, competing with Seedance.

Seedance-level full-modal control: MiniMax (Chinese: 稀宇科技) H3's new approach to commercial video production
ProductJul 8, 2026
MiniMax

MiniMax (Chinese: 稀宇科技)'s M3 model tops leaderboards, challenging Silicon Valley's closed-source giants.

Hands-on review of MiniMax (Chinese: 稀宇科技) M3 that tops leaderboards: Is it slapping Silicon Valley's closed-source giants in the face?
RevenueJun 14, 2026
MiniMax

MiniMax (Chinese: 稀宇科技) unblocks banned users and hikes prices as global AI rivals squeeze its margins.

MiniMax (Chinese: 稀宇科技) at the Crossroads: Lifting Bans, Raising Prices, and the Triple Siege of Global Giants
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