Company

Moonshot AI – Page 2

Every release, deal and policy move from Moonshot AI — updated daily.

TopicsAll topics

Timeline

  1. Funding

    Moonshot AI raises $3.5B at $35B valuation*

    Round led by National AI Industry Investment Fund · $3.5B at $35B valuation

    Reported $3.5B at about $35B, led by China's state-backed National AI Industry Investment Fund (Bloomberg). Straits Times reported a higher ~$45B valuation; not confirmed by Moonshot.

    bloomberg.com (source, opens in a new tab)
  2. Release

    Kimi K3

    1M context · $3 / $15 per 1M tokens

    2.8T-parameter multimodal MoE with a 1M-token context; open weights followed on Jul 27, 2026.

    kimi.ai (source, opens in a new tab)
  3. Release

    Kimi K2.7 Code

    262K context · $0.95 / $4 per 1M tokens

    platform.kimi.ai (source, opens in a new tab)
  4. Funding

    Moonshot AI raises $2B at $20B valuation in Meituan-led round

    Round led by Meituan (Long-Z) · $2B at $20B valuation

    bloomberg.com (source, opens in a new tab)
  5. Release

    Kimi K2.6

    262K context · $0.95 / $4 per 1M tokens

    platform.kimi.ai (source, opens in a new tab)
  6. Funding

    Moonshot AI raises $700M at $10B valuation

    Round led by Alibaba, Tencent, 5Y Capital & Andon · $700M at $10B valuation

    en.sedaily.com (source, opens in a new tab)
  7. Release

    Kimi K2.5

    262K context · $0.5 / $2.5 per 1M tokens

    platform.kimi.ai (source, opens in a new tab)
  8. Funding

    Moonshot AI raises $500M Series C led by IDG at $4.3B

    Series C · $500M at $4.3B valuation

    caixinglobal.com (source, opens in a new tab)

Sources: company announcements & release notes, press reports. * not independently verified.

Fact box

HQ
Beijing, China
Founded
2023
CEO
Yang Zhilin
Valuation
$35B (Jul 2026, reported)
Core products
Kimi · Kimi K2 models
Latest round
$3.5B Round led by National AI Industry Investment Fund · Jul 2026
Stories
37

Sources: moonshot.ai, bloomberg.com

Editor's picks

  1. Moonshot AI IPO: $50B Valuation on HKEX Explained
  2. Kimi K3 Tops New Geological Reasoning Benchmark
  3. Kimi K2.5: Open-Source Multimodal Model for Visual Coding
  4. Kimi K3 Sandbox Escape: Implications for AI Agent Containment

Deals & funding

Moonshot AI · rounds, valuations, partners, acquisitions · $7.7B raised in tracked primary rounds

  1. Funding

    Moonshot AI raises $3.5B at $35B valuation*

    Round led by National AI Industry Investment Fund · $3.5B at $35B valuation

    Reported $3.5B at about $35B, led by China's state-backed National AI Industry Investment Fund (Bloomberg). Straits Times reported a higher ~$45B valuation; not confirmed by Moonshot.

    bloomberg.com (source, opens in a new tab)
  2. Funding

    Moonshot AI raises $2B at $20B valuation in Meituan-led round

    Round led by Meituan (Long-Z) · $2B at $20B valuation

    bloomberg.com (source, opens in a new tab)
  3. Funding

    Moonshot AI raises $700M at $10B valuation

    Round led by Alibaba, Tencent, 5Y Capital & Andon · $700M at $10B valuation

    en.sedaily.com (source, opens in a new tab)
  4. Funding

    Moonshot AI raises $500M Series C led by IDG at $4.3B

    Series C · $500M at $4.3B valuation

    caixinglobal.com (source, opens in a new tab)
  5. Funding

    Moonshot AI raises over $1B led by Alibaba

    Series B · $1B at $2.5B valuation

    techcrunch.com (source, opens in a new tab)
All 5 rounds & deals as a table · 5 funding, 0 partnerships, 0 acquisitions
DateEventTypeCounterparty / roundAmountValuationSource
Jul 29, 2026Moonshot AI raises $3.5B at $35B valuation*
Reported $3.5B at about $35B, led by China's state-backed National AI Industry Investment Fund (Bloomberg). Straits Times reported a higher ~$45B valuation; not confirmed by Moonshot.
FundingRound led by National AI Industry Investment Fund$3.5B$35Bbloomberg.com
May 7, 2026Moonshot AI raises $2B at $20B valuation in Meituan-led round
About $2B at a $20B valuation in a round led by Meituan's Long-Z Investments, with Tsinghua Capital, China Mobile and CPE Yuanfeng (Bloomberg, TechCrunch, SCMP).
FundingRound led by Meituan (Long-Z)$2B$20Bbloomberg.com
Feb 2026Moonshot AI raises $700M at $10B valuation
Raised more than $700M at about a $10B valuation from Alibaba, Tencent, 5Y Capital and Andon, plus others, making Moonshot a decacorn (Bloomberg, SCMP, Seoul Economic Daily).
FundingRound led by Alibaba, Tencent, 5Y Capital & Andon$700M$10Ben.sedaily.com
Dec 31, 2025Moonshot AI raises $500M Series C led by IDG at $4.3B
Confirmed by founder Yang Zhilin in an internal letter (Dec 31, 2025): oversubscribed Series C, cash reserves above ¥10B. IDG invested $150M; valuation $4.3B per LatePost/SCMP/Caixin.
FundingSeries C$500M$4.3Bcaixinglobal.com
Feb 2024Moonshot AI raises over $1B led by Alibaba
Over $1B Series B led by Alibaba and HongShan, with Meituan and Xiaohongshu also investing (TechCrunch citing Chinese media; Bloomberg). Post-money valuation about $2.5B.
FundingSeries B$1B$2.5Btechcrunch.com

Sources: press reports. * not independently verified.

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Models & specs

Moonshot AI · context window, max output, API price, modalities, knowledge cutoff, license

ModelReleasedContextMax outputPrice in / out (per 1M)ModalitiesKnowledge cutoffLicense / accessSpec source
Kimi K3Jul 16, 20261M—$3 / $15
cached $0.3
Kimi API list price (platform.kimi.ai/docs/pricing/chat, accessed 2026-10-22). Cache write $3.00 (5-min TTL) / $6.00 (1-h TTL); official context 1,048,576 tokens.
Text, image in → text out—Open weights (released 27 Jul 2026)
2.8T total (MoE)
kimi.ai
Kimi K2.7 CodeJun 2026262K—$0.95 / $4
cached $0.19
Kimi API list price, accessed 2026-10-22. Highspeed variant: $1.90 in / $8.00 out ($0.38 cached).
———platform.kimi.ai
Kimi K2.6Apr 2026262K—$0.95 / $4
cached $0.16
Kimi API list price, accessed 2026-10-22.
———platform.kimi.ai
Kimi K2.5Jan 2026262K—$0.5 / $2.5
cached $0.15
OpenRouter listed price (third-party hosts), accessed 2026-10-22; Moonshot retired kimi-k2.5 on its own API on 31 Aug 2026.
———openrouter.ai
Kimi K2 ThinkingNov 6, 2025256K—$0.6 / $2.5
cached $0.15
OpenRouter listed price, accessed 2026-10-22 (matches Moonshot launch pricing). Retired on Moonshot's own API 25 May 2026.
Text in → text out—Open weights, modified MIT
1T total / 32B active (MoE)
moonshotai.github.io
Kimi K2
Kimi-K2-Base, Kimi-K2-Instruct
Jul 11, 2025128K—$0.6 / $2.5
cached $0.15
Moonshot launch list price, July 2025 (CNBC). Moonshot retired the kimi-k2 series on its API on 25 May 2026; OpenRouter hosts list ~$0.57/$2.30.
Text in → text out—Open weights, modified MIT
1T total / 32B active (MoE)
moonshotai.github.io
Kimi k1.5Jan 20, 2025——————github.com

Sources: company announcements & release notes. Prices = standard API list price in USD per 1M tokens at time of release or current docs; batch is typically 50% off.