Bloomberg: Moonshot AI Closes $3.5bn Round at $35bn Valuation
The Beijing-based start-up drew strong investor demand after K3’s debut and is targeting a final round before a Hong Kong listing.
- Beijing-Based Moonshot AI secured $3.5 billion in a just-closed funding round, achieving a $35 billion valuation as the breakthrough Kimi model drives momentum across Silicon Valley.
- Industry observers hailed the Kimi debut as another "DeepSeek moment," providing evidence that Chinese labs can keep pace with the West despite export curbs and computing constraints.
- Moonshot is now pursuing a $50bn pre-money valuation to secure final capital before a Hong Kong initial public offering as soon as 2026, having reported $300 million in annual recurring revenue as of June.
- California-Based Eliyan raised $145 million to address data bottlenecks in AI chips, creating "chiplets" that integrate into custom processors to maximize GPU efficiency limited by data transfer speeds.
- Ramping up investments, both China and other Chinese firms, including Alibaba and Zhipu, continue expanding AI infrastructure to process massive datasets, ensuring they remain competitive in the global AI space.
13 Articles
13 Articles
Moonshot AI Valuation Hits $35B After Kimi K3 in 2026
Moonshot AI has raised $3.5 billion at a $35 billion valuation after the launch of Kimi K3, giving the Beijing-based startup one of the fastest valuation jumps in the current AI race. The latest round pushed Moonshot far above its original $1 billion to $2 billion fundraising target, Investing.com reported, citing Bloomberg News. The company is now seeking additional capital at a $50 billion pre-money valuation before a planned Hong Kong listing…
Moonshot AI reportedly closes $3.5 billion round at $35 billion valuation · TechNode
Moonshot AI has reportedly closed a funding round that raised about $3.5 billion and valued the Beijing-based company at $35 billion. The round was roughly twice the upper end of the $1 billion to $2 billion target the company had initially set. The financing comes as Moonshot prepares for another private round that could value it at up to $50 billion before a potential Hong Kong listing. The company’s annual recurring revenue reportedly rose fr…
Chinese AI startup Moonshot AI has raised $3.5 billion (approximately 5 trillion won) in a recent investment round, significantly exceeding its initial target, driven by the success of its open-weight model, Kimi K3. The company was valued at $35 billion. According to Bloomberg on the 29th (local time), citing multiple sources, the scale of this investment raised far surpasses the original target of $1 billion to $2 billion.
(Seoul = Yonhap News) Reporter Seol Won-tae = Chinese artificial intelligence (AI) startup Moonshot AI, buoyed by the popularity of its 'Kimi K3' model, [reached] expectations in a recent investment round...
Moonshot AI: China’s Key Artificial Intelligence Project Exceeds Funding Target
Chinese Moonshot AI secured a $35 billion (€31 billion) valuation by raising a larger-than-anticipated $3.5 billion worth of financing, exceeding its initial targets—and unsettling its Silicon Valley rivals. Moonshot will now approach potential backers for a new and final funding round, aiming to secure capital before an initial public offering in Hong Kong, possibly before the year ends. Its Kimi K3 model is seen as a gamechanger, able to work …
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