Kimi reportedly nears $2 billion funding round at over $20 billion valuation
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 six months, making it the most-
Moonshot AI, the company behind the Kimi chatbot, is reportedly nearing the completion of a significant funding round. The new investment is expected to bring in approximately $2 billion, valuing the artificial intelligence firm at over $20 billion. This potential funding round is said to be led by Meituan's Long-Z Fund, with participation from China Mobile and CPE. If successful, this would add to the substantial capital Moonshot AI has already secured, having raised $1.9 billion in earlier rounds in January and February. This latest infusion would bring the company's total funding in under six months to over $3.9 billion.
This development highlights the intense competition and significant investment flowing into China's large language model sector, positioning Moonshot AI as a heavily backed player in the rapidly evolving AI landscape.
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