AI startup MiniMax is close to completing a new round of financing of over $250 million

Binance News · 2023-06-01T06:33:12.000Z

According to people familiar with the matter, MiniMax, an AI startup focusing on general large models, is close to completing a round of financing of more than US$250 million, and its valuation is expected to reach nearly US$1.2 billion. The company is developing AI solutions similar to ChatGPT. MiniMax’s latest round of financing attracted new investors, including entities linked to Tencent, two sources said. It is reported that MiniMax attracted miHoYo to participate in its previous financing. Other early investors include Yunqi Capital and Mingshi Capital. (Golden Ten)

MiniMax, an AI startup focused on general large models, is close to completing a round of financing of more than $250 million, with a valuation expected to reach nearly $1.2 billion, according to people familiar with the matter. The company is developing AI solutions similar to ChatGPT. Two sources revealed that MiniMax's latest round of financing attracted new investors, including entities associated with Tencent. It is reported that MiniMax attracted Mihoyo to participate in the previous financing. Other early investors include Yunqi Capital and Mingshi Capital. (Jinshi)