Moonshot AI Revenue, Valuation, Funding & Investors

Moonshot AI is valued at $35B as of July 2026.

Last Moonshot AI valuation

$35B

Undisclosed stage · Jul 2026

Last Moonshot AI funding round

$3.5B

Undisclosed stage · Jul 2026

Moonshot AI revenue

$200M

Undisclosed stage · May 2026

Key investors in Moonshot AI

Moonshot AI Overview

About Moonshot AI

Moonshot AI is a Beijing-headquartered artificial intelligence company developing large language models like Kimi, a chatbot rivaling GPT-4 with 200K token context. Founded in 2023 by ex-Google researchers from Gemini and Bard teams, it processes Chinese-English queries via proprietary MoE architecture. Moonshot AI serves enterprise clients in search, content generation, and multimodal tasks across Asia.


Founded

2023

HQ

ChinaBeijing

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$200M (May 2026)

Valuation

$35B (Jul 2026)

Moonshot AI Valuation

Moonshot AI is currently valued at $35B, based on its undisclosed-stage round in July 2026.

Moonshot AI's valuation has grown 14x from $2.5B at its Series B in February 2024 to $35B in July 2026, across 5 priced rounds.

Moonshot AI valuation by funding round

Revenue multiple
Moonshot AI valuation by funding round
DateStageValuationRevenue Multiple
Jul 2026Undisclosed stage$35B-
May 2026Undisclosed stage$20B100.0x
Dec 2025Series C$4.3B-
Aug 2024Series B$3.3B-
Feb 2024Series B$2.5B-

Moonshot AI Revenue

Moonshot AI's latest recorded revenue is $200M, as of its undisclosed-stage round in May 2026. At a $20B valuation, that implies a 100.0x revenue multiple.

Moonshot AI revenue by funding round

Moonshot AI revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
May 2026$200M$20B100.0xUndisclosed stage

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Moonshot AI Funding History

Moonshot AI has raised a total of $7.6B across 6 funding rounds.

Moonshot AI's first fundraising round was a $274M undisclosed-stage round in October 2023. The most recent completed round was a $3.5B undisclosed-stage round in July 2026.

Moonshot AI funding rounds

Moonshot AI funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2026Undisclosed stage-$3.5B$35BMoonshot AI closed a $3.5 billion funding round in July 2026 at a $35 billion valuation after initially targeting $1 billion to $2 billion. The company was then reportedly exploring a follow-on round at a $50 billion pre-money valuation ahead of a planned Hong Kong IPO, with the latest financing driven by momentum from its Kimi K3 model. The round reflects a sharp re-rating of Moonshot AI’s equity value in 2026, following earlier financings at lower valuations earlier in the year. The company’s rise has been tied to the market reception of its open-weight Kimi models and broader investor appetite for Chinese frontier AI companies. Moonshot AI is a Beijing-based artificial intelligence startup founded by Yang Zhilin and known for the Kimi series of large language models. The company’s backers have included major Chinese technology and investment firms such as Alibaba, Tencent, Meituan, HongShan, ZhenFund, IDG Capital, and 5Y Capital.
May 2026Undisclosed stageLongzhu Capital (lead); Tsing Ventures; China Mobile; CPE Yuanfeng$2B$20BMoonshot AI raised $2 billion in a funding round led by Long-Z Investments, the venture arm of Meituan, with participation from Tsinghua Capital, China Mobile, and CPE Yuanfeng. The round values the company at $20 billion post-money. This brings total funding over the past six months to $3.9 billion, following a $700 million raise in early 2026 that valued the company at $10 billion and a prior $4.3 billion valuation at the end of 2025. The investment reflects surging demand for Moonshot AI's open-weight Kimi series of large language models amid intensifying competition in China's AI sector. The round positions Moonshot as the most well-capitalized private LLM startup in China, ahead of peers like MiniMax and Zhipu AI on total funding. Backers include prior investors Alibaba, Tencent, HongShan, ZhenFund, IDG Capital, and 5Y Capital. The funding supports development as the company navigates China's new IPO rules for overseas-registered firms. Moonshot AI, a Beijing-based AI lab, develops the popular Kimi large language models. The company has rapidly scaled, raising significant capital in quick succession to compete with top Western AI firms.
Dec 2025Series CIDG Capital (lead); Tencent; Alibaba Group; Wang Huiwen$500M$4.3BMoonshot AI, a Beijing-based AI startup founded in March 2023 by Yang Zhilin, Zhou Xinyu, and Wu Yuxin, develops advanced large language models and AI applications, with its flagship Kimi series emphasizing ultra-long context understanding, reasoning, and agentic capabilities. The company recently released Kimi K2 for complex analytical tasks like multi-step problem solving, coding, and document analysis, featuring a 1-trillion-parameter architecture that outperforms models like GPT-5 on benchmarks. In late December 2025, Moonshot closed a $500 million Series C round led by IDG Capital ($150 million), with participation from Alibaba Group, Tencent Holdings, and Meituan co-founder Wang Huiwen, who increased his stake to a cumulative $70 million. The round valued Moonshot AI at a post-money $4.3 billion, boosting cash reserves beyond 10 billion RMB (approx. $1.37-1.4 billion) to fund GPU infrastructure expansion, R&D for the upcoming K3 model aiming to rival global frontier LLMs by 2026, talent acquisition, and global growth without immediate IPO plans. The oversubscribed financing reflects strong investor confidence in Chinese AI, positioning Moonshot alongside competitors like Baidu's Ernie and Alibaba's Tongyi, with focus on enterprise solutions, on-premise deployments, and developer APIs. Commercially, Moonshot reported 170% month-over-month growth in paid global users and a four-fold increase in API revenue since November 2025, validating its pricing and appeal to developers. Previous rounds included $60 million at $300 million valuation, $1 billion from Alibaba lifting to $2.5 billion in February 2024, and $300 million to $3.3 billion in August 2024. Subsequent talks emerged for up to $1 billion at $18 billion valuation and a jump to $4.8 billion, underscoring rapid ascent in the generative AI race.
Aug 2024Series BGaorong Capital; Tencent; Alibaba Group$300M$3.3BMoonshot AI, a Shanghai-based generative AI startup founded in March 2023 by Tsinghua professor Yang Zhilin, develops large language models like its Kimi intelligent assistant, which became China's top-visited AI chatbot by traffic in March and June 2024. The company is part of China's 'Six Little Dragons' AI startups, competing to rival OpenAI with advanced LLMs handling long text inputs. It previously raised $60 million in an angel round, hundreds of millions in pre-A, and over $1 billion in February 2024 led by Alibaba at a $2.5 billion valuation, with investors including HongShan (Sequoia China) and others. In a funding round around August 2024, Moonshot secured over $300 million (2.14 billion yuan) from Tencent, Gaorong Capital, and existing investor Alibaba, boosting its post-money valuation to $3.3 billion. This matches the queried investors and approximate May-August 2024 timing, though sources cite Bloomberg without exact date confirmation. The round underscores heavy capital inflows into Chinese AI amid competition from firms like Baichuan ($2.8 billion valuation) and MiniMax, with Alibaba and Tencent backing multiple 'Little Dragons'. China's AI push includes a $40 billion state semiconductor fund and leads in generative AI patents (38,000 vs. US 6,276 from 2014-2023), with 83% enterprise adoption. Moonshot draws talent from Google, Meta, and Amazon, building on founder expertise like outperforming Google's BERT with XLNet.
Feb 2024Series BAlibaba Group (lead); HSG (lead); Meituan; Xiaohongshu$1B$2.5BMoonshot AI, a Chinese AI startup founded less than a year prior, develops large language models (LLMs) focused on long context understanding, with its flagship Kimi chatbot. In February 2024, it raised over $1 billion in a Series B round, valuing the company at $2.5 billion, the largest single funding round for Chinese LLM developers on record. The round was co-led by Alibaba Group and HongShan (formerly Sequoia China/HSG), with participation from Meituan and Xiaohongshu. This funding builds on a prior round where Moonshot raised $200 million at a $300 million valuation from HongShan and Zhen Fund. The investment reflects intense competition among Chinese internet giants like Alibaba and Tencent to back domestic AI contenders amid U.S. restrictions on AI chatbots in China.
Oct 2023Undisclosed stageZhenFund; Capital Today; Monolith Management; HSG$274M--

Who has invested in Moonshot AI?

15 investors have backed Moonshot AI across its funding rounds, including Alibaba Group, HSG, Tencent, IDG Capital, ZhenFund and Gaorong Capital.

Lead investors include Longzhu Capital, IDG Capital, Alibaba Group and HSG.


Moonshot AI Investors

Investors in Moonshot AI by funding rounds participated
InvestorHQRoundsRoleFirst check
Alibaba GroupChinaHangzhou3LeadFeb 2024
TencentChinaShenzhen2ParticipantAug 2024
HSGHong KongHong Kong2LeadOct 2023
ZhenFundChinaBeijing1ParticipantOct 2023
Longzhu CapitalChinaBeijing1LeadMay 2026
IDG CapitalChinaBeijing1LeadDec 2025
Tsing VenturesChinaBeijing1ParticipantMay 2026
MeituanChinaBeijing1ParticipantFeb 2024
Gaorong CapitalChinaBeijing1ParticipantAug 2024
China MobileChinaHong Kong1ParticipantMay 2026
XiaohongshuChinaShanghai1ParticipantFeb 2024
Capital TodayChinaShanghai1ParticipantOct 2023
Monolith ManagementHong KongHong Kong1ParticipantOct 2023

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Moonshot AI Competitors

Moonshot AI competitors include listed companies like Z.ai and IonQ, and private ones like Safe Superintelligence, Prometheus, Cognition and DeepSeek.

Public and private companies comparable to Moonshot AI
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Safe SuperintelligenceUnited StatesSan Francisco, CAPrivate--$32B-
PrometheusUnited StatesSan Francisco, CAPrivate--$41B-
Z.aiChinaChinaPublicly listed$108M($658M)$46B65.9x
CognitionUnited StatesSan Francisco, CAPrivate$900M-$48B53.3x
DeepSeekChinaHangzhouPrivate--$50B-
IonQUnited StatesUnited StatesPublicly listed$130M($531M)$16B40.3x

Moonshot AI Public Comps

Moonshot AI is still privately-owned, but its public comps include Z.ai, IonQ, MiniMax Group, Presight AI, Affle 3i, Ncino, Haizhi, C3.ai, Wenge AI and Snowflake.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Z.ai$108M($658M)422.9x65.9x(69.4x)(73.0x)
IonQ$130M($531M)109.9x40.3x(26.9x)(39.1x)
MiniMax Group$79M($1.9B)131.8x-(5.5x)-
Presight AI$825M$214M6.3x5.4x24.4x20.8x
Affle 3i$282M$67M7.4x6.7x31.3x29.5x
Ncino$595M$65M4.3x4.0x39.0x15.8x
Haizhi$93M($30M)21.5x16.3x(67.1x)(440.4x)
C3.ai$250M($484M)4.3x4.5x(2.2x)(6.2x)

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Common questions about Moonshot AI

When was Moonshot AI founded?Moonshot AI was founded in 2023.
Where is Moonshot AI headquartered?Moonshot AI is headquartered in Beijing, China.
Is Moonshot AI publicly listed?No, Moonshot AI is a private, VC-backed company.
What is Moonshot AI's valuation?Moonshot AI was last valued at $35B in its undisclosed-stage round in July 2026.
How much funding has Moonshot AI raised?Moonshot AI has raised $7.6B across 6 funding rounds.
What was Moonshot AI's last funding round?Moonshot AI's last funding round was a $3.5B undisclosed-stage round in July 2026.
Who are Moonshot AI's investors?Moonshot AI's investors include Alibaba Group, Tencent, HSG, ZhenFund, Longzhu Capital, IDG Capital, Tsing Ventures, Meituan, Gaorong Capital, China Mobile and 5 others.
What is Moonshot AI's revenue?Moonshot AI's latest recorded revenue is $200M (May 2026).
What is Moonshot AI's revenue multiple?Moonshot AI's latest valuation implies a 100.0x revenue multiple ($20B valuation on $200M of revenue).
Which companies are comparable to Moonshot AI?Companies comparable to Moonshot AI include Safe Superintelligence, Prometheus, Z.ai, Cognition, DeepSeek and IonQ.

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