MINIMAX PREPARES SHANGHAI IPO AFTER HONG KONG LISTING
■ AI-SUMMARIZED FROM 5 SOURCES ▸ TIMELINE
Shanghai-based AI company MiniMax has filed to pursue a domestic IPO in China, following its January Hong Kong listing that valued the company based on $300M annual recurring revenue.
■ SOURCES
► Techmeme► Techmeme► Techmeme► Techmeme► Techmeme■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE
■ MORE FROM THE STARTUPS DESK
Portuguese surveillance drone maker Tekever secured $580 million in funding led by UC Investments, reaching a $6.4 billion valuation. The raise follows a major £400 million, 10-year contract with UK Ministry of Defence.
Bessemer Venture Partners announced $5.75 billion in new funding, with $4 billion allocated to growth-stage investments and $1.75 billion for early-stage companies. The capital deployment signals the firm's strategic pivot toward later-stage startups.
Customer messaging platform Bird has secured $450 million in debt financing led by JPMorgan Chase. The capital will be used to return cash to investors and employees.
Satellite startup Hubble Network closed a $200 million funding round, achieving unicorn status as it builds a space-based network for global Bluetooth connectivity.