Moonshot AI: $35B Valuation, Kimi K3 Drives Growth

Moonshot AI has secured $3.5 billion in funding, boosting its valuation to $35 billion. This comes after the launch of its Kimi K3 model. The company is already seeking another funding round, targeting a $50 billion pre-money valuation before a planned Hong Kong IPO. Its annual recurring revenue reportedly jumped from $100 million in March to over $300 million by June 2026. Kimi K3, a 2.8 trillion parameter model, has been a key driver, demonstrating strong benchmark results and high user demand. This rapid growth shows how quickly the AI landscape is evolving.