The Dark Side of the Moon will complete $2 billion in new funding, with a valuation surpassing $20 billion

Golden Finance reports that on May 6, Kimi (the Dark Side of the Moon) is about to complete a new round of $2 billion in financing, with the post-investment valuation surpassing $20 billion. This round was led by Meituan Longzhu, with other participants including China Mobile and CPE (CITIC Industry Fund). Among them, Longzhu alone invested more than $200 million. Earlier this January and February, Kimi just completed three rounds of financing, raising $500 million, $700 million, and $700 million, respectively. Including this latest round, in less than half a year, Kimi has raised more than $3.9 billion; the latest valuation is more than quadruple the approximate $4.3 billion valuation in November last year. By now, Kimi’s cumulative financing has exceeded 37.6 billion yuan, making it the company with the highest cumulative fundraising among large model startup companies. Including funds raised through its IPO, MiniMax’s total financing is about 15 billion yuan, while Zhipu’s is about 13 billion yuan. As of the midday market close on May 6, MiniMax’s market cap is about 210 billion yuan, and Zhipu’s is about 347 billion yuan. (LatePost)