Kimi, the Dark Side of the Moon, completes a new funding round of approximately $2 billion.

Kimi, the Dark Side of the Moon, has completed a Series D funding round of approximately $2 billion, bringing its post-money valuation to over $20 billion, setting a new record for the largest single funding round for large-scale modeling in China. This round was led by Meituan Dragonball, with participation from China Mobile and others. The company has raised over $4.4 billion in total funding, ranking first among large-scale modeling startups in China. In April, the company's annual recurring revenue exceeded $200 million, and it released its open-source flagship model, Kimi K2.6.