Moonshot AI has formally launched its G-round, pre-IPO fundraising at a $50 billion valuation, according to an exclusive report by Star Market Daily cited by ChainCatcher. People familiar with the matter said the round tightened sharply after the release of the K3 model, with multiple institutions already registering interest. Investors are required to wire funds by Aug. 15, and those seeking direct entry onto the shareholder register must manage more than $500 million in assets. The company’s prior F round, completed last week at a $35 billion valuation, raised the full $3.5 billion targeted. The report said Moonshot AI was valued at about $18 billion in April, putting the latest round at nearly triple that level within three months. Sources said the jump was driven mainly by the launch of K3. On July 27, the company open-sourced the full Kimi K3 model weights, described in the report as the world’s first deployed open-source large model at the 3 trillion-parameter scale. The report also said API revenue now accounts for more than 70% of total revenue, while ARR increased severalfold after K3’s release.
Moonshot AI has formally launched its G-round, pre-IPO fundraising at a $50 billion valuation, according to an exclusive report by Star Market Daily cited by ChainCatcher.
People familiar with the matter said fundraising capacity became "suddenly tight" after the release of the K3 model, and multiple institutions have already registered investment interest. Participants are required to complete their payments by Aug. 15. Investors that want direct entry onto the shareholder register must manage more than $500 million in assets.
The company’s previous F round was priced at a $35 billion valuation and completed full settlement last week, raising the full $3.5 billion sought. In April this year, Moonshot AI was valued at about $18 billion, meaning the latest valuation is nearly triple that level within three months.
Sources cited in the report said the main driver behind the valuation jump was the release of the K3 model. On July 27, Moonshot AI open-sourced the full Kimi K3 model weights, becoming the first company globally to deploy an open-source large model at the 3 trillion-parameter scale.
The report said API revenue now makes up more than 70% of the company’s total revenue, and ARR rose by several multiples after K3 was released.
Responding to recent reports that the company could submit an IPO application to the Hong Kong Stock Exchange as soon as this month, a person familiar with the matter said the claim was "not true" and that the G round is still under way. As of publication, Moonshot AI had not publicly responded to the report.
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