The dark side of the moon will complete a new financing of 2 billion dollars, with a valuation exceeding 20 billion dollars

According to LatePost, Kimi (Dark Side of the Moon) is about to complete a new round of $2 billion financing, with a post-investment valuation exceeding $20 billion. This round of financing is led by Meituan Longzhu, with participation from China Mobile, CPE (CITIC Industrial Fund), and others, with Longzhu alone contributing over $200 million. In January and February of this year, Kimi had just completed three rounds of financing, raising $500 million, $700 million, and $700 million, respectively. Including this latest financing, Kimi has raised over $3.9 billion in less than six months, with the latest valuation more than quadrupling from about $4.3 billion in November of last year.

So far, Kimi's total financing has exceeded 37.6 billion RMB, making it the company with the highest cumulative financing among large model startups. Including IPO fundraising, MiniMax has raised about 15 billion RMB, and Zhipu has raised about 13 billion RMB. As of today’s midday market close, MiniMax's market capitalization is approximately 210 billion RMB, while Zhipu's is about 347 billion RMB.