An index of frontier and emerging AI labs.
Foundation models & agents
Multimodal AI lab behind the MiniMax LLMs and Hailuo text-to-video model. Listed on the Hong Kong Stock Exchange in January 2026; market cap has grown to ~$11.5B.
| Name | MiniMax |
|---|---|
| Aliases | Hailuo AI |
| Space | Foundation models & agents |
| Founded | 2021 |
| Latest valuation | ~$11.5B |
| Stage | — |
| Status | active |
| HQ | Shanghai |
| Founders | Yan Junjie, Yang Bin, Zhou Yucong |
| Website | https://www.minimax.io |
| Careers | — |
| — | |
| X / Twitter | — |
| Date | Round | Amount ($M) | Valuation | Confidence |
|---|---|---|---|---|
| — | — | — | ~$6.5B | reported |
No founders recorded yet. Submit info.
| Date | Type | Title | Source |
|---|---|---|---|
| 2026-06-03 | added | MiniMax added to tracker Latest valuation: ~$6.5B. | — |
No sources cited.
| Lab | Valuation | Founded |
|---|---|---|
| Character.AI | — | 2021 |
| MBZUAI / Institute of Foundation Models | — | 2019 |
| Perplexity | $20B | 2022 |
| Sierra | $15B | 2023 |
| Zhipu AI | ~$6.6B (mkt cap) | 2019 |
| Hark | $6B | 2025 |
| StepFun | ~$6B | 2023 |
| Baichuan AI | ~$2.7B | 2023 |