Dark Side of the Moon starts a $50 billion pre-IPO round of financing, and the amount was “suddenly tight” after K3 was released

Comparative news, according to an exclusive report by the “Science and Technology Innovation Board Daily”, Moonshot AI (Moonshot AI) Series G (Pre-IPO) financing has officially started, and the current round of valuation has reached 50 billion US dollars. People familiar with the matter revealed that after the release of the K3 model, the amount of financing was “suddenly tight,” and several institutions have registered investment intentions. Participants are required to complete the payment by August 15. To directly enter the shareholders' register, the investor's management scale must be at least 500 million US dollars. The company's previous Series F financing ($35 billion valuation) was fully settled last week, and actually raised $3.5 billion. The company was valued at around $18 billion in April of this year, nearly tripling in three months.

Sources said that the core driver of this round of valuation jumps was the release of the K3 model. On July 27, Dark Side of the Moon officially opened the full Kimi K3 model weight, making it the world's first 3 trillion parametric open source model to launch. Currently, the company's API revenue accounts for more than 70% of total revenue, and ARR has grown several times since K3 was released. In response to recent reports that “an IPO application will be submitted to the Hong Kong Stock Exchange as soon as this month,” people familiar with the matter responded that “the news is untrue; Series G financing is still ongoing.” As of press release, Dark Side of the Moon has not officially responded to this news.