#moonshot-ai

#moonshot-ai

Moonshot AI, the Beijing-based AI lab developing the popular Kimi series of open-weight large language models, has raised about $2 billion at a valuation of $20 billion, according to a post by Huafeng Capital, which advised some investors who participated in the round. The round was led by Chinese food delivery company Meituan's VC arm, Long-Z Investment.

Moonshot AI, the Beijing-based developer of the Kimi chatbot, is closing a $2bn funding round at a post-money valuation above $20bn, Bloomberg reported on Wednesday. Meituan's Dragon Ball investment arm is leading the round, with China Mobile, CITIC Private Equity Funds, and other institutions participating. Meituan Dragon Ball alone is contributing more than $200m.