The company has completed settlement of its previous financing at a $20 billion valuation, while people close to Kimi said annual recurring revenue topped $300 million in mid-June.
Moonshot AI’s Kimi has begun a new financing round at a $31.5 billion pre-money valuation after completing settlement of its previous fundraise at a $20 billion valuation, China Star Market Daily reported. People close to Kimi said the company disclosed annual recurring revenue of more than $300 million in mid-June, with over 70% of that revenue now coming from API sales. The figures suggest Kimi is leaning more heavily on enterprise-style model access rather than consumer-facing products as it seeks fresh capital at a higher valuation.