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China’s Moonshot AI Passes Funding Goal to Hit $35 Billion Value
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China’s Moonshot AI Passes Funding Goal to Hit $35 Billion Value Moonshot AI secured a $35 billion valuation after raising a larger-than-anticipated $3.5 billion in a just-closed round of financing, riding the momentum from a breakthrough Kimi K3 model that sent ripples through Silicon Valley. The Beijing-based startup managed to secure far more than the $1 billion to $2 billion it initially targeted, people familiar with the matter said, asking not to be identified to talk about private...
China’s Moonshot AI Passes Funding Goal to Hit $35 Billion Value
Moonshot AI secured a $35 billion valuation after raising a larger-than-anticipated $3.5 billion in a just-closed round of financing, riding the momentum from a breakthrough Kimi K3 model that sent ripples through Silicon Valley.
The Beijing-based startup managed to secure far more than the $1 billion to $2 billion it initially targeted, people familiar with the matter said, asking not to be identified to talk about private information. Moonshot is now reaching out to potential backers for a new funding round at a $50 billion pre-money valuation, aiming to secure capital a final time before an initial public offering in Hong Kong as soon as this year. A Moonshot spokesperson didn’t respond to an emailed request for comment.