The Dark Side of the Moon Seeks to Raise Additional Funding of Up to $1 Billion, Valuing the Company at Around $18 Billion

According to 1M AI News monitoring, the Dark Side of the Moon (Kimi) is seeking to expand its funding, up to a maximum of $1 billion, which would bring the Dark Side of the Moon's valuation to approximately $18 billion. Over the past three months, the Dark Side of the Moon's valuation has grown more than fourfold, with investors showing increasing interest in Chinese AI startups.

The Dark Side of the Moon had previously raised over $700 million in funding earlier this year, with a valuation of $10 billion at the time. And at the end of last year, the company achieved a $4.3 billion valuation through a $500 million funding round. The Dark Side of the Moon has benefited from the outstanding performance of the Kimi model (including the recent Kimi K2.5 upgrade and multimodal capabilities), a significant increase in revenue (especially from overseas users and API usage), and the overall AI boom in China. Its key investors include Alibaba, Tencent, and other tech giants.