Moonshot AI Raises $3.5 Billion at $35 Billion Valuation, Sets Hong Kong IPO This Year
Beijing-based Moonshot AI, maker of the Kimi K3 chatbot, closed a funding round at a $35 billion valuation after raising $3.5 billion, far exceeding its original $1 billion to $2 billion target. The lead investor was the National Artificial Intelligence Industry Investment Fund, a Chinese state-backed vehicle that has previously backed DeepSeek and several domestic semiconductor companies.
The company reported $300 million in annual recurring revenue in June, up from $200 million in April, with daily sales increasing at least sixfold following the launch of its 2.8 trillion parameter open-weight model. Moonshot is now seeking a new fundraising round at a $50 billion pre-money valuation ahead of a potential Hong Kong initial public offering later this year.
From the sources (10 posts)
@poezhao0605Moonshot, the Beijing lab behind the Kimi chatbot, is opening a final pre-IPO round at up to $50bn pre-money, Bloomberg reported. Against the $300m of annual recurring revenue Bloomberg gave for June, that asks for roughly 167 times revenue
@poezhao0605In December, the founder of the Beijing startup behind the Kimi chatbot told staff the company was in no rush to go public. A $500m round had lifted its reserves past Rmb 10bn, about $1.4bn at the time, more than two now-listed rivals held
@poezhao0605Seven months later, Moonshot, the Beijing maker of the Kimi chatbot, has circulated a shareholder resolution seeking approval for a Hong Kong listing that could come within six months. It plans to open a final pre-IPO round in August at a
@firstsquawkMOONSHOT AI SURPASSES FUNDING GOAL TO HIT USD 35B VALUATION
@wallstengineMOONSHOT AI RAISES $3.5 BILLION AT $35 BILLION VALUATION Bloomberg reports the round far exceeded Moonshot’s initial $1 billion to $2 billion target. The Kimi K3 developer is now approaching investors about another round at a $50 billion
@techmemeSources: Moonshot AI hit a $35B valuation after closing a $3.5B round, exceeding its initial target of $1B to $2B, and plans a Hong Kong IPO as soon as 2026 (Bloomberg) (Visit Techmeme dot com for the link and full context!)
@ns123abc🚨BREAKING: Moonshot AI raises $3.5 BILLION at $35 BILLION valuation Targeted $2B. Got $3.5B. >$300M ARR in June (up from $200M in April) >daily sales up 6x after K3 launch >Kimi K3 is printing money Already approaching investors for ANOT
@businessMoonshot AI has raised a larger-than-anticipated $3.5 billion in a just-closed round of financing
@mtsliveSITUATION EXPLAINED: Moonshot raised $3.5 billion at a $35 billion valuation, backed by China's state-run AI investment fund. • Moonshot's new round far exceeded its original $1-2 billion target, lead investor was the National Artificial I
@1752vcNEW: Kimi K3 maker Moonshot AI closed a funding round at a $35B valuation and plans a Hong Kong listing as soon as this year. Source: Bloomberg