Recently, major news has been heard in the field of artificial intelligence that the well-known AI company MiniMax may acquire Avolution.ai, a new video generation technology. According to an exclusive report by Blue Whale News, the two parties have reached preliminary intentions on the acquisition, and the relevant processes are steadily advancing. This news has attracted widespread attention in the AI industry, but as of press time, MiniMax has not yet made a formal response to this.
As a rising star in the field of AI video generation, Luying Technology has attracted much attention. It is reported that the company's valuation during its angel round of financing in 2024 was about RMB 100 million, equivalent to less than 20 million US dollars. People familiar with the matter revealed that Luying Technology has encountered certain difficulties in seeking a second round of financing since last year, but its technical accumulation and innovative achievements in the field of AI video ultimately led to a strategic cooperation with MiniMax. Industry insiders generally believe that this acquisition will achieve complementary advantages between the two parties and is a win-win strategic layout.
Public information shows that Luying Technology was established in September 2023, focusing on the development of visual models based on self-developed LCM (Latent Consistency Model), and is committed to building a leading AI video generation and creation platform. Less than a year after its establishment, the company received angel round investment from Lanchi Venture Capital and Red Dot China, showing strong development momentum. In July 2024, Luying Technology launched its iconic product, YoYo, a two-dimensional animation AI video generation platform. This platform allows users to quickly generate high-quality animation videos through simple text descriptions or picture input, attracting widespread attention in the field of two-dimensional creation.
If this acquisition is finally reached, it will not only accelerate the technological commercialization process of Luying Technology, but will also provide important support for MiniMax's technical layout in the field of AI video generation. As AI technology is increasingly widely used in the field of video creation, this acquisition may reshape the industry structure and promote AI video generation technology to a new stage of development.