Moonshot AI raises $3.5 billion in oversubscribed round, valuation nears $50 billion
Moonshot AI
Moonshot AI (月之暗面) has completed an oversubscribed funding round of $3.5 billion, pushing its valuation close to $50 billion. The round was led by existing investors and includes new participants, reflecting strong investor confidence in the company's AI models like Kimi K3.
Chinese AI startup Moonshot AI, developer of the Kimi series of large language models, has raised $3.5 billion in a funding round that was oversubscribed, according to a report by Wall Street CN. The round brings the company's valuation to nearly $50 billion, up from previous estimates. Investors include existing backers such as Alibaba and new participants like certain sovereign wealth funds. The funds will be used to scale computing infrastructure and accelerate the development of next-generation AI models, including the recently announced Kimi K3.
Source: Moonshot Kimi (GNews) —
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