Kimi Chatbot Maker Moonshot Eyes $10B Valuation
Chinese AI startup Moonshot is pushing to more than double its valuation in an expanded funding round.
Moonshot, the Chinese startup behind the Kimi chatbot, is gunning for a $10 billion valuation. That's a jaw-dropping leap from the $4.3 billion price tag it locked in after raising $500 million.
The company is expanding an existing funding round that already has Alibaba Group as a backer. If Moonshot hits its target, it would more than double its valuation in a single round extension.
The move signals massive investor appetite for Chinese AI players. Moonshot has carved out a position in the competitive chatbot space with Kimi, and clearly believes the momentum justifies a bold ask.
Going from $4.3 billion to $10 billion is no small jump. But in the current AI funding frenzy, stranger things have happened. The real question: can Kimi's traction back up a number that big?