On June 8th, it was learned from informed sources that Kimi, the AI assistant developed by domestic AGI firm Moonshot AI, has initiated a new round of financing with a pre-money valuation reaching $30 billion, representing a significant surge from the previous month.
On May 6th, it was reported that Kimi was close to finalizing a new $2 billion funding round, which would push its post-money valuation past $20 billion. This indicates that starting from a valuation of $4.3 billion at the end of December 2025, Kimi's valuation has increased sixfold in a mere six months.
Regarding commercial implementation, as previously disclosed by Wang Xinyu, a partner at Meituan Longzhu, following the K2.5 model update, Kimi's Annual Recurring Revenue (ARR) surpassed $100 million in early March this year and continued growing to over $200 million by April, with both paid subscriptions and API calls accelerating.
On the product front, Kimi continues to expand the boundaries of AI applications. On June 3rd, Kimi officially launched Kimi Work Beta, a general-purpose local agent designed for knowledge workers. This product, with Kimi Code as its core kernel, possesses comprehensive foundational capabilities for local agents. It also inherits the professional database of the online Kimi Agent and is equipped with the Kimi WebBridge browser plugin launched in May, enabling various AI Agents to simulate human-like browser operations. It similarly supports agent cluster capabilities for handling complex, time-intensive tasks.
According to earlier reports, in December of last year, Moonshot AI founder Yang Zhilin stated in an internal letter that the company had recently completed a $500 million Series C funding round, significantly oversubscribed, with current cash holdings exceeding 10 billion yuan. He clarified that the Series C funds would be used to "more aggressively expand the GPU cluster" to accelerate the training and R&D of the K3 model. A portion of the funds would also be allocated for the 2026 incentive plan and an option repurchase plan.
Corporate information shows that investors in the Series C round completed in December 2025 included several leading industrial players and investment institutions such as IDG Capital, Alibaba, and Tencent. In February 2026, the company completed another funding round exceeding $700 million, with investors covering Alibaba, 5Y Capital, Gaorong Capital, Jiuan Medical, Tencent, and others.
Amidst strong capital interest, Moonshot AI is not in a rush to go public. Yang Zhilin previously noted in the letter, "Compared to the secondary market, we believe we can still raise a larger amount of funds from the primary market. In fact, our Series B and C fundraising amounts already exceed the vast majority of IPO proceeds and private placements by listed companies. Therefore, we are not in a hurry to go public in the short term, nor is going public our objective."
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