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FieldMiniMax (Hailuo)
Categories
video-generationchatbots-assistantsfoundation-models
HQShanghai, China
Founded2021
Latest valuation$2.5B
Annual Recurring Revenue (ARR)~$70M (2024, via Talkie product)
Funding to date$100M+
Headcount300-500 estimated
ProfitabilityVenture-backed; strong growth trajectory
Statusactive
Pricing tierconsumer, freemium
Description<cite index="3-16,3-17,3-18">Founded in 2021 by former SenseTime engineers in Shanghai, MiniMax is valued at $2.5 billion and backed by Alibaba and Tencent. It specializes in text-to-video and conversational AI, rivaling global leaders like OpenAI. A text-to-video AI generator creating high-quality videos for creative industries, competing with OpenAI's Sora.</cite>