Moonshot AI, the creator of the acclaimed Kimi AI models, recently raised US$500 million in its latest funding round, with IDG Capital leading the investment by contributing US$150 million. This round also saw participation from existing investors Alibaba Group Holding and Tencent Holdings. Following this financial boost, Moonshot AI’s valuation has risen to US$4.3 billion, and the company now holds over 10 billion yuan (US$1.4 billion) in cash reserves. This substantial financial backing is a key reason why Moonshot AI has opted not to pursue a public listing, unlike its peers MiniMax and Zhipu AI. According to founder and CEO Yang Zhilin, the company is not in a hurry to go public but remains open to the possibility in the future.
Did Moonshot AI secure US$500 million in its latest funding round?
