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Silicon Republic
Moonshot AI closes $3.5bn round at $35bn valuation
Moonshot AI has closed a significant $3.5 billion funding round, resulting in a valuation of $35 billion, far exceeding the expected $1 to $2 billion. This increase demonstrates robust investor enthusiasm in the rapidly evolving AI sector, particularly for Chinese models that can compete with US offerings. The funding follows the launch of Kimi K3, noted for its advanced capabilities and parameter count, and signals Moonshot's ambition to raise further funds at a projected $50 billion valuation. The infusion of capital will likely amplify competition within the AI sector as both China and the U.S. intensify efforts in AI development and infrastructure investment.
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Published 29 Jul 2026, 14:55 UTC1 min read
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Summary
TL;DR
- Moonshot AI closed a $3.5 billion funding round.
- The company is now valued at $35 billion.
- The funding exceeded initial expectations of $1-2 billion.
- Chinese National AI Industry Investment Fund was a lead investor.
- Kimi K3 has 2.8 trillion parameters, rivaling leading AI models.
Interesting facts
- The surge in funding indicates a shift toward cheaper AI models.
- Moonshot's Kimi K3 has seen a sixfold increase in daily sales since launch.
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