Moonshot AI
Large language models under the Kimi brand. Consumers use the Kimi AI assistant, and developers and businesses buy access to the models through an API.
VP50 · #20Artificial intelligenceLarge language models and AI assistantsBeijing, China
FoundersSince 2023
- Valuation
- $35B
- Total raised
- $8.2B
- Last round · Oct 2026
- Series G
- Founded
- 2023
- Quarters in VP50
- 6
Valuation
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Angel round | Jun 13, 2023 | $300M | $200M | Unknown |
| Series A+ | Feb 20, 2024 | $2.5B | $1.0B | Alibaba |
| Series B | Aug 5, 2024 | $3.3B | $300M | Unknown |
| Series C | Dec 2025 | $4.3B | $500M | IDG Capital |
| Funding round | Feb 2026 | $10B | $700M | 九安医疗 (Jiuan Medical) and 五源资本 (5Y Capital) |
| Series F | Jul 29, 2026 | $35B | $3.5B | National AI Industry Investment Fund |
Post-money valuation at each priced round. Log scale.Hover a point for the round
Updated
In VP50
- Q4 2023: no place
- Q1 2024: #49
- Q2 2024: #50
- Q3 2024: #48
- Q4 2024: #46
- Q1 2025: no place
- Q2 2025: no place
- Q3 2025: no place
- Q4 2025: no place
- Q1 2026: no place
- Q2 2026: no place
- Q3 2026: #41
- Q4 2026: #20
Place by quarter since Q4 2023. Best place #20.
Funding rounds
DateRound · leadRaisedValuation
Oct 6, 2026Series G——
Jul 29, 2026Series F · National AI Industry Investment Fund$3.5B$35B
May 6, 2026Series D · Meituan Long-Z Capital$2.0B—
Mar 14, 2026Funding round——
Feb 2026Funding round · 九安医疗 (Jiuan Medical), 五源资本 (5Y Capital)$700M$10B
Aug 5, 2024Series B$300M$3.3B
Jun 13, 2023Angel round$200M$300M
Signals
- Bank of America leaves bank roster for Moonshot AI's planned IPO amid US scrutinyIPO talk
- Moonshot's CEO and CTO in talks to settle Recurrent.ai arbitration, Reuters reportedLegal and regulatory
- Moonshot AI reported to target Hong Kong IPO in Q1 2027 after $50B final private roundIPO talk
- Moonshot AI closes its final private round at about $50B, Bloomberg reportsFunding round
- Moonshot AI revenue run rate tops $1 billion in August, with $2 billion targeted for 2026Milestone
- Anthropic report accuses Moonshot of covertly routing Kimi user requests through ClaudeLegal and regulatory
Team
Yang ZhilinFounder, CEO, Chairman- Zhou XinyuCo-founder, Director
- Wu YuxinCo-founder
- Zhang YutaoCo-founder
- Wang ZhenCo-founder
- Zhang Yutong (张予彤)President, Director
- Song Sijia (宋思嘉)Head of finance
