The Dark Side of the Moon will complete a $2 billion new funding round, with a valuation surpassing $20 billion

ChainCatcher reports that, according to LatePost, Kimi (the Dark Side of the Moon) is about to complete a new round of $2 billion in funding, with the post-investment valuation surpassing $20 billion. This round of funding was led by Meituan Longzhu, with China Mobile, CPE (CITIC Industry Fund), and others participating, with Longzhu alone investing over $200 million. In January and February of this year, Kimi completed three rounds of funding, raising $500 million, $700 million, and $700 million respectively. Including this latest round, Kimi has raised over $3.9 billion in less than half a year, with its latest valuation more than quadrupling from about $4.3 billion in November last year.

As of now, Kimi’s total funding has exceeded 37.6 billion RMB, making it the startup in the large model field with the most accumulated funding. Including IPO fundraising, MiniMax has raised approximately 15 billion RMB in total, and Zhipu about 13 billion RMB. As of today’s midday market close, MiniMax’s market value is about 210 billion RMB, and Zhipu’s is about 347 billion RMB.