Moonshot AI Raises $3.5 Billion at $35 Billion Valuation, Exceeding Funding Target

@poezhao0605

Moonshot, 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

@poezhao0605

In 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

@poezhao0605

Seven 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

@firstsquawk

MOONSHOT AI SURPASSES FUNDING GOAL TO HIT USD 35B VALUATION

@wallstengine

MOONSHOT 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

@techmeme

Sources: 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

@business

Moonshot AI has raised a larger-than-anticipated $3.5 billion in a just-closed round of financing