Moonshot AI Hits $35 Billion Valuation After Raising $3.5 Billion

Product / TechCorporate Action Impact 4
โดย Bloomberg·Read original
Summary · why it matters

Moonshot AI secured a $35 billion valuation after raising a larger-than-anticipated $3.5 billion in a just-closed financing round, riding momentum from its breakthrough Kimi K3 model. The Beijing-based startup managed to secure far more than the $1 billion to $2 billion it initially targeted, according to people familiar with the matter. Moonshot is now reaching out to potential backers for a new funding round at a $50 billion pre-money valuation, aiming to secure capital a final time before an initial public offering in Hong Kong as soon as this year. The K3 model, which has 2.8 trillion parameters and a 1 million-token context window, approached the performance of frontier models by Anthropic and OpenAI, triggering a selloff in tech stocks and being hailed as another DeepSeek moment. Moonshot achieved $300 million of annual recurring revenue in June, and daily sales have surged at least six times since the K3 launch.

Impact on stocks 1

Artificial Intelligence · 1 stocks
NVIDIA Corporation
NVDA
▼ NegativeCompetitionrelevance

Moonshot's K3 model approaches frontier performance, intensifying competition for NVIDIA's GPU customers.

Theme Impact 3

Off-coverage companies 1

Moonshot AI (北京月之暗面科技有限公司)Private▲ Positive
Capitalrelevance

Moonshot raised $3.5B at $35B valuation, far exceeding initial target, with plans for IPO.

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