Kimi reportedly nears $2 billion funding round at over $20 billion valuation

Kimi developer Moonshot AI is close to completing a new $2 billion funding round that would value the company at more than $20 billion, according to LatePost. The round is reportedly led by Meituan’s Long-Z Fund, with China Mobile and CPE joining as investors. Moonshot AI had already completed three funding rounds in January and February totaling $1.9 billion.