Kimi raised over $3.9 billion in funding over six months, with a valuation quadrupling, making it the domestic startup with the highest total funding amount in large-scale model ventures.

According to Beating monitoring, LatePost has exclusively learned that Kimi (Dark Side of the Moon) is about to complete a new round of $2 billion financing, with the post-investment valuation surpassing $20 billion. This round of financing is led by Meituan Longzhu, with participation from China Mobile, CPE (CITIC Industrial Fund), and others, among which Longzhu alone has put in more than $200 million.

This year, in January and February, Kimi just completed three rounds of financing in quick succession, raising $500 million, $700 million, and $700 million, respectively. Including this latest financing, in less than half a year, Kimi has raised more than $3.9 billion. The latest valuation has more than quadrupled compared with about $4.3 billion in November last year.

By this point, Kimi’s total financing has already exceeded 37.6 billion RMB, making it the company with the most cumulative funding among large model startup companies. Including IPO fundraising, MiniMax’s total financing is about 15 billion RMB, while Zhipu’s is about 13 billion RMB. As of the midday market close on May 6, MiniMax’s market value is about 210 billion RMB, and Zhipu’s is about 347 billion RMB.