Decart vs MiniMax

Decart — Foundation Models · Private · $4B valuation · 3 of 3 figures sourced  |  MiniMax — Foundation Models · Public · $12.6B mkt cap · 4 of 5 figures sourced

Relationship

Lucy and Hailuo AI do comparable work on video generation; larger scale (public).

Assembled from the recorded fields for this pair, not hand-checked. The comparison below is read from each company’s own profile.

3 of 8 capabilitiesShared product typeLarger scale

3 of 8 capabilities — Shares image editing, text generation and video generation.

Ludbee capability tags · from the product records

Shared product type — Both ship application and model API.

Ludbee product records

Larger scale — MiniMax: $12.6B market cap, against Decart's $4B valuation.

Ludbee scale figures · valuation, market cap or revenue estimate

Aligned comparison

FieldDecartMiniMax
Size$4B valuation$12.6B mkt cap different basis
Employees—385
Founded20232021 2 yrs earlier
StatusPrivatePublic
CategoryFoundation ModelsFoundation Models match
Stack layerAPI service, Application, Infrastructure service, Model APIAI agent, Application, Model API
HeadquartersTel Aviv, IsraelShanghai, China

Capability overlap

Shared · 3

Image editingText generationVideo generation

Not verified for MiniMax · 5

GPU programmingModel hostingModel inferenceModel trainingVideo editing

Recorded for Decart. MiniMax’s product records say nothing either way — a missing record is not a missing capability.

Not verified for Decart · 5

Agent orchestrationAgentic codingImage generationMusic generationText to speech

Recorded for MiniMax. Decart’s product records say nothing either way — a missing record is not a missing capability.

Products, side by side

Algorithmic pairing — assembled from recorded fields, not hand-checked

Decart

Application

Delulu (by Decart)Application

Delulu is Decart's consumer mobile app for AI photo transformation, published on iOS and Android by Decart.AI, Inc. Its store listing describes it as a way to 'Turn any photo into something fun, weird, or just really good-looking, with a single tap', browsing preset styles and creating stickers to share.

LucyApplication

Real-time video editing platform that edits and transforms live video at streaming speed, for enterprises, brands, creators and live/streaming/gaming use cases; built on Decart's DOS infrastructure.

Model API

CogitoModel API

Cogito is Decart's OpenAI-compatible LLM inference API, serving frontier open-weight models including Kimi K2.6, Kimi K2.7 Code, GLM-5.2, Qwen3 235B and GPT-OSS 120B across Trainium, TPU and GPU capacity. A self-serve Standard tier is billed per token, while an ultra-fast reserved tier advertises 1,000+ tokens per second. It is built on Decart's own DOS optimization stack.

Decart API PlatformModel API

Hosted API for Decart's real-time video and world models.

MiniMax

Application

Hailuo AIApplication

Generates video clips from text prompts and still images.

MiniMax AudioApplication

Text-to-speech and AI music generation platform (voice generator, AI music generator, voice isolator) from MiniMax.

星野 (Xingye)Application

Immersive AI-companion / virtual-character community platform where users create, customize and chat with AI agents; MiniMax's China-market app, released internationally as Talkie.

Model API

MiniMax Open PlatformModel API

Hosted API for MiniMax's text, video, speech and music models, billed per token.

No counterpart

Decart sells these in a stack layer with no product recorded for MiniMax yet — nothing on the other side to compare them against.

API service

Oasis 3API service

Interactive world model for Physical AI, generating realistic, controllable real-time simulation environments for training autonomous systems, distributed as an API/SDK product built on Decart's Optimization Stack (DOS) infrastructure.

Infrastructure service

Decart Optimization StackInfrastructure service

The Decart Optimization Stack (DOS) is Decart's inference and training optimization infrastructure, spanning hardware-aware model design, kernel tooling, proprietary compilers and inference optimization. It is sold to hardware providers and AI teams as engagements covering benchmark optimization, customer-defined kernel and compiler work, cross-workload efficiency gains, and profiler and simulator licensing, and is marketed as hardware-agnostic across GPUs, TPUs, Trainium and AMD accelerators.

MiniMax sells these in a stack layer with no product recorded for Decart yet — nothing on the other side to compare them against.

AI agent

MiniMax AgentAI agent

Runs multi-step agents that build software and documents from a written brief.

MiniMax DesignAI agent

Multimedia creation platform coordinating multiple AI agents around a visual canvas for design work.

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