Tech Company Financing Transactions
MiniMax Funding Round
MiniMax, operating out of Shanghai, scored $250 million from Future Capital, GL Ventures and MiHoYo.
Transaction Overview
Company Name
Announced On
6/1/2023
Transaction Type
Venture Equity
Amount
$250,000,000
Round
Series A
Proceeds Purpose
MiniMax's latest fundraising drew in new investors such as an entity linked to technology giant Tencent, two people said, on condition of anonymity as the information was not public.
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
Browse more venture capital transactions:
Prev: 6/1/2023: Olé Life venture capital transaction
Next: 6/1/2023: Loro Insurtech venture capital transaction
Share this article
News on VC Transactions
We report on every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs