Moonshot's annualized recurring revenue topped $200 million in April, driven by rapid growth in paid subscriptions and API usage.

The raise gives Sierra more than $1 billion to work with — capital the company says it will use to become the "global standard" for AI-powered customer experiences.

The Chinese AI lab came to prominence in early 2025 after launching a large language model that trained on a fraction of the compute power and at a fraction of the cost of the big…

In a week when DeepSeek is rumoured to be raising at a $45bn valuation, China's Moonshot AI has raised $2bn at a $20bn valuation.

Moonshot's annualized recurring revenue topped $200 million in April, driven by rapid growth in paid subscriptions and API usage.

Nvidia continues to be a big investor in the AI ecosystem.