Chinese AI startup MiniMax said on Thursday that the number of global enterprise and developer customers using its services has surpassed 1 million, marking a fivefold increase from six months ago.
The company also said its global user base has reached around 300 million.
According to MiniMax, annual recurring revenue (ARR) has grown more than 100% over the past two months. The company previously disclosed at an earnings briefing in March that ARR had exceeded US$150 million as of February 2026.
The Shanghai-based startup raised $619 million during its initial public offering (IPO) in January, making it one of the first pure-play generative AI companies to reach public markets.
