Moonshot AI's Kimi Hits $300 Million ARR as Valuation Jumps to $31.5 Billion
Moonshot AI’s Kimi chatbot has generated roughly $300 million in annualized run-rate revenue (ARR) as of mid-June, per Chinese financial media. The milestone marks a sharp acceleration from February, when the Beijing-based company entered a new funding round at a $10 billion valuation. According to industry reports and sources familiar with the matter, Kimi is now being valued at $31.5 billion pre-money in a funding round that is currently underway. API access accounts for more than 70% of Kimi's total revenue, indicating that developers and enterprise customers are the primary drivers of the company's financial trajectory.
The rapid revenue expansion has drawn internal comparisons to Anthropic, the U.S. artificial intelligence lab behind the Claude chatbot. Sources close to Moonshot reportedly benchmark Kimi’s growth curve against Anthropic’s early scaling phase, though the underlying economics diverge significantly. Anthropic stated in April that its annualized run-rate revenue had crossed $30 billion, supported by over 1,000 enterprise clients each spending more than $1 million annually. Kimi reached its $300 million ARR target while charging only a fraction of Claude’s API prices, reflecting a high-volume adoption strategy that prioritized market penetration over premium pricing.
From the sources (3 posts)
@poezhao0605Moonshot AI's Kimi has reportedly hit $300 million ARR as of mid-June, with API revenue exceeding 70% of total. A new funding round is underway at $31.5 billion pre-money, per Chinese financial media. Four months ago, the valuation was $10
@poezhao0605In February, I analyzed Kimi's revenue claims when the company was worth $10 billion. Moonshot had declared that 20 days of K2.5 revenue beat all of 2025. The growth was real. The question was whether the API surge would survive the end of
@poezhao0605Sources close to the company now compare Kimi’s revenue curve to “early-stage Anthropic.” The analogy works only in shape. Anthropic said its annualized run-rate revenue crossed $30 billion in April 2026, with more than 1,000 business custo