Kimi completes $2 billion funding round, post-funding valuation exceeds $20 billion

KuCoinFlash

Release Time: 05/06/2026 08:56:37

Summary

Project funding news emerged as Kimi (Moonshot AI) prepares to close a $2 billion funding round, pushing its valuation above $20 billion. Meituan Longzhu led the round with over $200 million, joined by China Mobile and CPE. This follows three funding rounds in early 2026 that raised $5 billion, $7 billion, and $7 billion. In under six months, Kimi has raised over $39 billion, with its valuation more than quadrupling from $4.3 billion in November 2025. New token listings may follow as the company scales up.

Odaily Planet Daily reports: According to exclusive information from LatePost, Kimi (Moonshot AI) is set to complete a new round of funding worth $2 billion, with a post-money valuation exceeding $20 billion. The round is led by Meituan Dragonfly, with participation from China Mobile, CPE (China中信 Industry Fund), and others—Dragonfly alone invested over $200 million.

In January and February of this year, Kimi completed three consecutive funding rounds, raising $500 million, $700 million, and $700 million respectively. Including this latest round, Kimi has raised over $3.9 billion in less than six months, with its latest valuation more than quadrupling from approximately $4.3 billion in November last year.

To date, Kimi has raised over RMB 37.6 billion in total funding, making it the company with the highest cumulative funding among large model startups. Including IPO proceeds, MiniMax has raised approximately RMB 15 billion, and Zhipu has raised about RMB 13 billion. As of the midday market close on May 6, MiniMax’s market capitalization was approximately RMB 210 billion, and Zhipu’s was about RMB 347 billion.

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