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Total amount raised
$8.1 Billion
Latest funding date
2026-07-29
Location
Moonshot AI has raised funding across seven disclosed rounds, with the latest being an undisclosed round closing on July 29, 2026, raising $3.5 billion at a $35 billion valuation. The company is backed by prominent investors including the National Artificial Intelligence Industry Investment Fund, Meituan (Long-Z Investments), Alibaba Group, Tencent Holdings, 5Y Capital, IDG Capital, Andon Health, Gaorong Capital, and HongShan (formerly Sequoia China).
What Is Moonshot AI?
Moonshot AI is a private company based in Haidian, Beijing, China. The company operates in various AI-related fields, including Artificial Intelligence, Foundational AI, Generative AI, Machine Learning, and Software.
Founded in 2023 with the mission to transform energy into intelligence, Moonshot AI has grown rapidly and is best known for its Kimi AI assistant. The company has raised funding across seven disclosed rounds, from a $60 million seed round in 2023 to a $3.5 billion round in July 2026 that valued it at $35 billion, attracting investors such as the National Artificial Intelligence Industry Investment Fund, Meituan, Alibaba Group, Tencent Holdings, IDG Capital, and HongShan.
How Much Funding Has Moonshot AI Raised?
- Undisclosed Round (Latest Round)
- Amount Raised: USD 3,500,000,000
- Date: July 29, 2026
- Lead Investors: National Artificial Intelligence Industry Investment Fund
- Valuation at Round: USD 35,000,000,000
- Motivation Behind the Round: The company passed its original funding goal for the round, lifting its valuation to USD 35 billion.
- Series D
- Amount Raised: USD 2,000,000,000
- Date: May 7, 2026
- Lead Investors: Meituan (Long-Z Investments); Tsinghua Capital, China Mobile, and CPE Yuanfeng also participated
- Valuation at Round: USD 20,000,000,000
- Motivation Behind the Round: To meet rising demand for the company's open-source AI models.
- Series Unknown
- Amount Raised: USD 700,000,000+
- Date: February 2026
- Lead Investors: Alibaba Group, 5Y Capital, Andon Health (co-leads); Tencent Holdings also participated
- Valuation at Round: USD 10,000,000,000 to 12,000,000,000
- Motivation Behind the Round: To accelerate Kimi AI's global expansion and scale AI infrastructure following rapid revenue growth.
- Series C
- Amount Raised: USD 500,000,000
- Date: December 2025 (announced January 2026)
- Lead Investors: IDG Capital (USD 150,000,000)
- Valuation at Round: USD 4,300,000,000
- Motivation Behind the Round: To aggressively expand GPU capacity and accelerate AI infrastructure investment plans.
- Series B (Extension)
- Amount Raised: USD 300,000,000
- Date: August 2024
- Lead Investors: Tencent Holdings, Gaorong Capital
- Valuation at Round: USD 3,300,000,000
- Motivation Behind the Round: To enhance domestic AI development and secure a leading position in the global AI market.
- Series B
- Amount Raised: USD 1,000,000,000+
- Date: February 2024
- Lead Investors: Alibaba Group, HongShan (formerly Sequoia China)
- Valuation at Round: USD 2,500,000,000
- Motivation Behind the Round: To back Moonshot AI's large language model development; Alibaba acquired approximately 36% stake.
- Seed / Early Round
- Amount Raised: USD 60,000,000
- Date: 2023
- Lead Investors: HongShan (formerly Sequoia China), Zhen Fund
- Valuation at Round: Approximately USD 300,000,000
- Motivation Behind the Round: To kickstart the company's operations, initial development, and Kimi AI chatbot rollout.
Total Amount Raised: At least USD 8,060,000,000 based on disclosed funding. Current Valuation: USD 35,000,000,000 (as of July 2026). As of September 2026, the company's latest disclosed round is its July 2026 undisclosed round.
Key Investors
- National Artificial Intelligence Industry Investment Fund
- Details: The National Artificial Intelligence Industry Investment Fund is a China-based fund focused on the artificial intelligence industry. It led Moonshot AI's July 2026 round of USD 3.5 billion at a USD 35 billion valuation.
- Investment Focus Areas: Artificial intelligence
- Notable Investments: Moonshot AI
- Meituan (Long-Z Investments)
- Details: Meituan is a Chinese technology platform for local commerce and on-demand delivery services. Through its Long-Z Investments arm, it led Moonshot AI's USD 2 billion Series D in May 2026 at a USD 20 billion valuation.
- Investment Focus Areas: Technology, artificial intelligence
- Notable Investments: Moonshot AI
- Alibaba Group
- Details: Alibaba Group is a Chinese multinational conglomerate specializing in e-commerce, retail, internet, and technology. It is one of the world's largest retailers and e-commerce companies. Alibaba led Moonshot AI's Series B and acquired approximately 36% equity stake.
- Investment Focus Areas: E-commerce, cloud computing, AI
- Notable Investments: Moonshot AI, Baichuan, MiniMax
- Tencent Holdings
- Details: Tencent is a Chinese multinational conglomerate holding company known for its internet-related services and products. It participated in Moonshot AI's Series B extension (August 2024), Series C, and the February 2026 round.
- Investment Focus Areas: Social media, gaming, fintech, AI
- Notable Investments: Moonshot AI, Epic Games, Tesla
- IDG Capital
- Details: IDG Capital is a global investment firm with a focus on venture capital, private equity, and mergers and acquisitions. It led Moonshot AI's Series C round with a USD 150 million contribution.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Moonshot AI, Xiaomi, Tencent Music
- HongShan (formerly Sequoia China)
- Details: HongShan is a leading venture capital firm in China, formerly operating as Sequoia Capital China. It was among the earliest institutional backers of Moonshot AI, co-leading the seed round and the Series B.
- Investment Focus Areas: Technology, consumer internet, enterprise software
- Notable Investments: Moonshot AI, ByteDance, Pinduoduo
- Gaorong Capital
- Details: Gaorong Capital is a venture capital firm that focuses on early- to growth-stage investments in technology-driven companies. It participated in Moonshot AI's August 2024 funding round.
- Investment Focus Areas: Technology, healthcare, consumer internet
- Notable Investments: Moonshot AI, Pinduoduo, Kuaishou
What's Next for Moonshot AI?
Moonshot AI raised USD 3.5 billion in July 2026 in a round led by the National Artificial Intelligence Industry Investment Fund, passing its original target and lifting its valuation to USD 35 billion. That followed a USD 2 billion Series D in May 2026 led by Meituan's Long-Z Investments at a USD 20 billion valuation, with Tsinghua Capital, China Mobile, and CPE Yuanfeng also participating. The company remains private and has raised at least USD 8.06 billion in disclosed primary funding since 2023.
The May 2026 round was driven by rising demand for Moonshot AI's open-source models, which underpin its Kimi assistant. Backing from state-linked and strategic investors including China Mobile and the National Artificial Intelligence Industry Investment Fund gives the company capital to keep scaling AI infrastructure and model development. Moonshot AI continues to compete with China's other large model developers, and intense competition plus restrictions on advanced semiconductor exports remain constraints on how quickly it can expand compute capacity.
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