China's Moonshot AI achieved a $35 billion valuation after unveiling the Kimi K3, a breakthrough model rivaling top-tier systems from Anthropic PBC and OpenAI.
Moonshot AI reached $35B valuation after launching Kimi K3 (2.8T parameters, 1M-token context, $300M ARR in June). Chinese model proven competitive despite US export restrictions; foundation model players face supply-chain vulnerability and market bifurcation.
The company raised $3.5 billion in funding
Jul 29, 2026
05:56 pm
What's the storyChinese artificial intelligence (AI) start-up Moonshot AI has achieved a whopping $35 billion valuation, following a successful funding round that raised $3.5 billion.
The Beijing-based company far exceeded its initial target of $1-2 billion, thanks to the success of its Kimi K3 model.
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Moonshot AI raised $3.5B in its latest funding round at a $20B valuation, as the Kimi chatbot maker eyes a $30B target and…
Kimi developer Moonshot AI seeks $2bn at a $30bn valuation, its third round in six months. DeepSeek wants $59bn. Zhipu sits at…
Moonshot AI raises $500 million and now sits on $1.4 billion in cash reserves, giving the Kimi chatbot maker room to develop its…
It is now reaching out to potential backers for a new funding round at a US$50 billion pre-money valuation. Read more at…
Moonshot AI has quickly become one of China’s most valuable AI start-ups with a valuation of US$3.3 billion following its latest…
