Moonshot AI is reportedly seeking up to $2B in fresh funding at a $30B valuation, according to Bloomberg.
The Beijing-based startup’s annual recurring revenue surpassed $200M in April, driven by demand for its Kimi chatbot and AI models.
In December 2024, Moonshot was valued at $4.3B. If the new round closes at $30B, it will have multiplied its valuation more than sevenfold in 18 months.
In December 2024, Moonshot AI was valued at $4.3 billion. By May 2026, it had closed a $2 billion round at $20 billion, the largest single funding event in China’s large language model sector. It is now reportedly seeking another $2 billion, bringing the total to $30 billion.
That pace, a sevenfold valuation increase in 18 months, captures both the scale of investor appetite for Chinese AI and the speed at which this particular foundation model race is being run.
