Kimi K3 developer Moonshot AI expedites fundraising ahead of planned IPO, source says

Per a source, the company closes fundraising round at US$30 billion valuation, as it signals it may go public in next six months The Beijing-based company was set to close its current funding round at a US$30 billion valuation later this month or early next month, according to a person familiar with the matter. It planned to launch a subsequent round as early as August, the person added. The start-up was targeting a valuation of up to US$50 billion, in what was expected to be its final private raise before listing, Bloomberg reported on Wednesday. Moonshot did not immediately respond to a request for comment on Wednesday. The breakneck pace of fundraising underscores the relentless momentum in China’s AI sector.

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