Moonshot AI's Kimi secured over $700M in a new round led by Alibaba, Tencent, and others, just over a month after a $500M raise. Valuation now at $10-12B, doubling previously. Total recent funding exceeds $1.2B, the highest in the LLM sector last year.
Key Points
- 1.New $700M+ round led by Alibaba, Tencent, others
- 2.Valuation doubles to $10-12B
- 3.$500M prior round completed one month ago
- 4.Total $1.2B+ funding, top in LLM industry recently
Impact Analysis
Boosts Moonshot AI's position in China's competitive LLM market, signaling robust investor appetite for domestic AI amid global race. Could accelerate Kimi's infrastructure and model improvements.