The Kimi chatbot developer is discussing a new fundraising as it nears a Meituan-led financing at a $20 billion valuation and reports annual recurring revenue above $200 million.
Moonshot AI is seeking a new funding round of more than $1 billion that could reach $2 billion, a deal that would value the startup at $30 billion. The Kimi chatbot developer has already begun preliminary talks with investors while it moves toward closing a separate Meituan-led round at a $20 billion valuation. Bloomberg also reported that Moonshot AI’s annual recurring revenue exceeded $200 million as of April, reflecting demand for its Kimi chatbot and large language models. If completed, the fundraising would mark Moonshot AI’s third financing in six months, underscoring the rapid pace of capital raising among artificial intelligence startups.