Chinese AI Model Developer Kimi Raising Funds Valuing It At $20 Billion

China's Moonshot AI raises $2B at $20B valuation as demand for open-source AI skyrockets

Moonshot's annualized recurring revenue topped $200 million in April, driven by rapid growth in paid subscriptions and API usage.

Chinese AI Model Developer Kimi Raising Funds Valuing It At $20 Billion

Founded by Yang Zhilin, who made the Forbes 30 Under 30 Asia list in 2021, Kimi’s existing backers include Chinese tech giants Alibaba and Tencent. Its K2.6 model ranks among the world’s top three most popular AI models, according to OpenRouter.

Kimi developer Moonshot AI valued at US$20b as it navigates new IPO rules

Firm raised US$2 billion from investors including Meituan’s venture and China Mobile, taking total to US$3.9 billion in the last six months.

Moonshot AI valued at $20bn after $2bn raise for Kimi creator

China’s AI chatbot labs are attracting big investors, as DeepSeek is also reported to be raising at a $45bn valuation. Read more: Moonshot AI valued at $20bn after $2bn raise for Kimi creator

Kimi Chatbot Maker Moonshot AI Valued at $20 Billion in Meituan-Led Round

Moonshot AI has raised about $2 billion in its latest funding round, signaling growing investor appetite for Chinese startups rivaling Silicon Valley’s leaders.

Kimi reportedly nears $2 billion funding round at over $20 billion valuation · TechNode

Kimi developer Moonshot AI is close to completing a new $2 billion funding round that would value the company at more than $20 billion, according to LatePost. The round is reportedly led by Meituan’s Long-Z Fund, with China Mobile and CPE joining as investors. Moonshot AI had already completed three funding rounds in January and February totaling $1.9 billion. With the new round, the company would have raised more than $3.9 billion in less than …