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

On May 6th, it was reported that Kimi (Dark Side of the Moon) is about to complete a new round of $2 billion financing, with a post investment valuation exceeding $20 billion. This round of financing is led by Meituan Longzhu, with participation from China Mobile, CPE (CITIC Industrial Fund), and others. Longzhu alone has invested over 200 million US dollars. In January and February of this year, Kimi completed three rounds of intensive financing, raising $500 million, $700 million, and $700 million respectively. Including this latest financing, Kimi has raised over 3.9 billion US dollars in less than six months, and its latest valuation has more than quadrupled compared to about 4.3 billion US dollars in November last year. So far, Kimi's cumulative financing amount has exceeded RMB 37.6 billion, becoming the company with the highest cumulative financing among large model startups.