Moonshot AI, a Beijing, China-based artificial intelligence company, has raised $500 million in a Series C round, boosting 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 a venture capital firm that focuses on technology-driven growth companies. Founded in 1992 and headquartered in Beijing, the firm manages approximately $23 billion in assets and invests across stages, from early venture to buyouts, with a long-term, value-oriented approach.
Moonshot AI Use of Funds
The capital will strengthen Moonshot AI’s balance sheet, support 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 building advanced large language models (LLMs) and AI applications. Its flagship product, Kimi, a series of models and chatbots, emphasizes ultra-long context understanding, reasoning, and agentic capabilities. Recently, the company released Kimi K2, designed for complex analytical tasks such as multi-step problem solving, coding, and document-level analysis.
Funding Details
Company: Moonshot AI
Raised: $500.0M
Round: 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
Source: https://finance.yahoo.com/news/chinas-moonshot-ai-raises-us-093000346.html