HomeMoon's Dark Side Nears Completion of New $700 Million Funding Round
According to the latest reports from the Science and Technology Innovation Board Daily, Moonshot (Kimi) is nearing the close of a new funding round exceeding $700 million. This round boasts a robust consortium of investors, led by existing shareholders such as Alibaba, Matrix Partners, and Jiu'an, with Tencent also taking an active role.
Notably, this follows Kimi's previous $500 million round by less than a month, a rapid fundraising pace that has impressed industry observers. Furthermore, Kimi has formally initiated another funding round with a valuation ranging between $10 billion and $12 billion.
This valuation marks a direct doubling of Kimi's worth, successfully pushing it past the $10 billion threshold.
Kimi's two consecutive funding rounds have collectively raised over $1.2 billion, setting a new record for the highest funding amount in the large language model industry over the past year. This clearly underscores the strong confidence and high regard the capital market holds for Kimi.
Reflecting on late last year, in an internal letter, Kimi's founder and CEO Yang Zhilin disclosed that the company's cash reserves now surpass 10 billion yuan. He also noted that the proceeds from the company's prior two funding rounds had already exceeded the scale of most IPOs. Given this solid financial position, the company has no immediate plans for a public listing. The successful completion of this latest funding round is poised to provide significant momentum for Kimi's continued advancement in the field of artificial intelligence.
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According to the latest reports from the Science and Technology Innovation Board Daily, Moonshot (Kimi) is nearing the close of a new funding round exceeding $700 million. This round boasts a robust consortium of investors, led by existing shareholders such as Alibaba, Matrix Partners, and Jiu'an, with Tencent also taking an active role.
Notably, this follows Kimi's previous $500 million round by less than a month, a rapid fundraising pace that has impressed industry observers. Furthermore, Kimi has formally initiated another funding round with a valuation ranging between $10 billion and $12 billion.
This valuation marks a direct doubling of Kimi's worth, successfully pushing it past the $10 billion threshold.
Kimi's two consecutive funding rounds have collectively raised over $1.2 billion, setting a new record for the highest funding amount in the large language model industry over the past year. This clearly underscores the strong confidence and high regard the capital market holds for Kimi.
Reflecting on late last year, in an internal letter, Kimi's founder and CEO Yang Zhilin disclosed that the company's cash reserves now surpass 10 billion yuan. He also noted that the proceeds from the company's prior two funding rounds had already exceeded the scale of most IPOs. Given this solid financial position, the company has no immediate plans for a public listing. The successful completion of this latest funding round is poised to provide significant momentum for Kimi's continued advancement in the field of artificial intelligence.
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