Kimi seeks to raise up to $2 billion at a $30 billion valuation

Odaily Planet Daily News AI startup Moonshot AI is seeking to raise up to $2 billion in a new funding round, which would value the company at $30 billion. Moonshot AI has already entered early discussions with potential investors, planning to raise over $1 billion. Meanwhile, the company is about to complete a $2 billion valuation funding round led by Meituan.

As of April, driven by increased demand for the Kimi chatbot and large language model, Moonshot AI's annual recurring revenue has exceeded $200 million. Additionally, the company is dismantling its offshore structure to pave the way for an initial public offering in Hong Kong and plans to establish a joint venture structure to allow foreign capital participation. The company recently launched Kimi Work, a general-purpose AI agent based on its K2.6 series model. (Bloomberg)