Tech Company Financing Transactions
MiniMax Funding Round
MiniMax closed a $600 million funding round on 3/5/2024. Backers included Alibaba Group, Hillhouse Capital Group and IDG Capital Partners.
Transaction Overview
Company Name
Announced On
3/5/2024
Transaction Type
Venture Equity
Amount
$600,000,000
Round
Undisclosed
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
Room 896, 2nd Floor No. 25-1 Hongcao Road, Xuhui District
Shanghai, Undisclosed
CN
Shanghai, Undisclosed
CN
Phone
Undisclosed
Website
Email Address
Overview
Founded in December 2021, MiniMax is an infrastructure builder and content application creator in the era of general artificial intelligence. As the only technology start-up company in China that has a general large-scale model engine capability that integrates multiple modalities of text, voice, and vision, and has opened up the entire link of the product, the team is committed to using the leading general artificial intelligence (AGI) engine technology through multiple scenarios. And multi-dimensional applications and interactions, promote the new paradigm change of general artificial intelligence technology, and reshape the artificial intelligence business model.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Junjie Yan
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