Kimi’s Moonshot AI sees revenue surge, secures over $700 million in new funding

May 20, 2026 - 02:02
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Kimi’s Moonshot AI sees revenue surge, secures over $700 million in new funding

Kimi’s K2.5 large language model has generated more revenue in the past 20 days than the company did in all of 2025, sources familiar with the matter said, driven by a surge in global paying users and API usage. Overseas revenue has now overtaken domestic income, with international subscriber growth particularly strong. Just over a month after closing a $500 million funding round, Kimi’s Moonshot AI is set to raise more than $700 million in a new financing round, exceeding its target. The round is co-led by Alibaba Group, Tencent Holdings, Wuyuan Capital, and Ji’an Investment. [Tech Web, in Chinese]

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