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According to the latest news from the Science and Technology Innovation Board Daily, Moonshot (Kimi) is about to complete a new round of financing exceeding $700 million. This round features a strong group of investors, led by existing shareholders including Alibaba, Matrix Partners, and Jiu'an, with Tencent also actively participating.
Notably, it has been less than a month since Kimi's previous $500 million funding round, and the speed of its fundraising has amazed many. In addition, Kimi has officially started a new round of funding valued between $10 billion and $12 billion.
Based on this valuation, Kimi's latest valuation has doubled directly, successfully breaking through the $10 billion mark.
Kimi's two consecutive fundraising rounds have totaled over $1.2 billion, a figure that sets a new record for the highest funding amount in the large model industry in the past year, clearly demonstrating the strong confidence and high recognition of the capital market in Kimi.
Looking back at the end of last year, in an internal letter released at the end of the year, Kimi's founder and CEO Yang Zhilin revealed that the company now has cash reserves exceeding 10 billion yuan. He also mentioned that the amounts from the company's previous two funding rounds had already exceeded most IPOs. Given such financial conditions, the company has no immediate plans to go public. The smooth progress of this funding round will undoubtedly inject strong momentum into Kimi's further development in the field of artificial intelligence.