Moonshot AI reportedly completes $3.5 billion oversubscribed funding round, post-money valuation reaches $35 billion - IT之家

Moonshot AI reportedly raised $3.5 billion, far above its initial $1 billion to $2 billion target.

The Beijing-based startup’s post-money valuation reached $35 billion after the round.

Interest in its Kimi K3 model helped draw attention from Silicon Valley investors.

The company is now said to be seeking another round at a $50 billion pre-money valuation ahead of a planned Hong Kong IPO.