Kimi Half-Year Financing Exceeds $3.9 Billion, Valuation Quadruples, Total Financing Amount Ranks First Among Domestic Large-scale Startup Companies

According to Dynamic Beating monitoring, LatePost has exclusively learned that Kimi (Dark Side of the Moon) is about to complete a new $20 billion financing round, with a post-investment valuation surpassing $200 billion. The leading investor in this round is Meituan Dragon Ball, with participation from China Mobile, CPE (CITIC Private Equity), among others, with Dragon Ball alone investing over $2 billion.

In January and February this year, Kimi completed three rounds of financing in quick succession, raising $500 million, $700 million, and $700 million respectively. Including this latest financing, in less than half a year, Kimi has raised over $3.9 billion, and its latest valuation has increased by over four times compared to around $4.3 billion last November.

So far, Kimi's total funding has exceeded 37.6 billion RMB, making it the most funded company among large-scale model startups. Including IPO fundraising, MiniMax has raised approximately 15 billion RMB, while Zhipu has raised about 13 billion RMB. As of the midday break on May 6th, MiniMax had a market capitalization of around 210 billion RMB, while Zhipu had around 347 billion RMB.