Moonshot to Complete $2 Billion New Funding Round, Valuation Surpasses $20 Billion

According to LatePost, Kimi, a product of Moonshot AI, is about to complete a new round of financing worth $2 billion, pushing its post-money valuation beyond $20 billion. This round is led by Meituan Longzhu, with participation from China Mobile and CPE Capital; Meituan Longzhu’s investment exceeds $200 million. The report notes that, including three financing rounds already completed in January and February this year, Kimi has raised over $3.9 billion in less than six months—more than RMB 3.76 billion in total—making it one of the most well-funded large-model startups. The article also mentions that in April, Kimi released and open-sourced its new model K2.6, enhancing its programming and Agent cluster capabilities.