ai
Moonshot AI seeks up to $2 billion in new round targeting $30 billion valuation
The Beijing-based developer of the Kimi chatbot has opened talks to raise more than $1 billion. The round would be its third financing in six months and would value the firm at $30 billion.
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Moonshot AI is seeking as much as $2 billion in a new funding round that would value the startup at $30 billion. The Beijing-based developer of the Kimi chatbot has held early talks with prospective investors to raise more than $1 billion, people familiar with the matter said.
The discussions began just as Moonshot is on the verge of closing a round led by Meituan that valued the AI firm at $20 billion after the investment. If the latest target is reached, capitalization would mark a seven-fold increase from December, when the startup was valued at just over $4 billion.
Funding pace and market position The Beijing-based company is emerging as one of the best-funded Chinese AI research labs, as investors pour capital into an elite group vying with OpenAI and Anthropic. The latest fundraising would help Moonshot eclipse publicly listed peer Minimax Group, which commanded a market value of about $20 billion as of Monday.
Both still lag Zhipu’s approximately $80 billion, and the roughly $50 billion that DeepSeek is seeking in its debut funding round. This is the third round of financing in six months for the Beijing-based company.
