| Lab | Valuation | Founded | Space | HQ | Founders | More | Jobs |
|---|---|---|---|---|---|---|---|
| MiniMax | ~$11.5B | 2021 | Foundation models & agents | Shanghai | Yan Junjie, Yang Bin, Zhou Yucong | Details | — |
| StepFun | ~$6B | 2023 | Foundation models & agents | Shanghai | Jiang Daxin | Details | — |
Valuation key: $X confirmed · $X reported · $X rumored · $X estimated.