Moonshot AI, an artificial intelligence company based in Beijing, China, raised $500 million in a Series C round, bringing its valuation to $4.3 billion.
Investors
The round was led by IDG Capital, with participation from existing investors Alibaba Group Holding and Tencent Holdings.
IDG Capital is a global investment powerhouse and venture capital firm focused on technology-driven growth companies. Founded in 1992 and headquartered in Beijing, the firm manages approximately $23 billion in assets and invests through the stages, from business formation to buyouts, with a long-term, value-driven approach.
Use of funds by Moonshot AI
The capital will strengthen Moonshot AI’s balance sheet, support the continued development of its large language models and fuel global growth, with no immediate plans for an IPO.
About Moonshot AI
Founded in March 2023 by Yang Zhilin, Zhou Xinyu and Wu Yuxin, Moonshot AI is an AI company focused on creating advanced extended language models (LLMs) and AI applications. Its flagship product, Kimi, a series of models and chatbots, focuses on context understanding, reasoning and very long-term agent capabilities. Recently, the company launched Kimi K2, designed for complex analytical tasks such as multi-step problem solving, coding, and document-level analysis.
Financing details
Company: Moonshot AI
Raised: $500.0 million
Tower: Series C
Funding date: January 2026
Lead investor: IDG Capital
Additional Investors: Alibaba Group Holding, Tencent Holdings
Company website: https://www.moonshot.ai/
Software Category: Artificial Intelligence / Large Language Models
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