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The Dark Side of the Moon is about to complete a new round of $2 billion financing, with the post-investment valuation surpassing $20 billion.
Odaily Planet Daily reports exclusively that LatePost has learned that Kimi (the Dark Side of the Moon) is about to complete a new round of $2 billion financing, with the post-investment valuation surpassing $20 billion. This round of financing is led by Meituan Longzhu, with participation from China Mobile, CPE (CITIC Industry Fund), and others, among which Longzhu alone has put in more than $200 million.
In January and February this year, Kimi just completed three rounds of financing in quick succession, raising $500 million, $700 million, and $700 million respectively. Including this latest round, in less than half a year Kimi has raised more than $3.9 billion, and its latest valuation has more than quadrupled from around $4.3 billion in November last year.
By now, Kimi’s total cumulative financing has exceeded 37.6 billion RMB, making it the company with the most accumulated funding among large-model startups. Including IPO fundraising, MiniMax has raised about 15 billion RMB in total, and Zhipu has about 13 billion RMB. As of the midday market close on May 6, MiniMax’s market value is about 210 billion RMB, and Zhipu’s is about 347 billion RMB.