Dark Side of the Moon is about to complete a new round of $2 billion in financing, with a post-investment valuation exceeding $20 billion

Odaily Planet Daily News, "LatePost" exclusively learned that Kimi (Dark Side of the Moon) is about to complete a new round of $2 billion in financing, with a post-investment valuation exceeding $20 billion. This financing round was led by Meituan Dragon Ball, with participation from China Mobile, CPE (CITIC Private Equity), etc., and Dragon Ball alone invested more than $200 million.

In January and February of this year, Kimi had just completed three rounds of financing intensively, raising $500 million, $700 million, and $700 million respectively. Including this latest financing, Kimi has raised more than $3.9 billion in less than six months, and the latest valuation has more than quadrupled from about $4.3 billion last November.

At this point, Kimi's cumulative financing has exceeded 37.6 billion RMB, making it the company with the most cumulative financing among large model startups. Including IPO fundraising, MiniMax has raised a total of about 15 billion RMB, and Zhipu about 13 billion RMB. As of the midday market close on May 6, MiniMax's market value was about 210 billion RMB, and Zhipu's about 347 billion RMB.