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Moonshot AI Closes Series F at $3.5B with $35B Valuation; Pre-IPO Series G Already Initiated

West TideWest TideAug 102026/08/10 226 views

Moonshot AI (Kimi) completed a Series F funding round exceeding $3.5 billion, reaching a post-money valuation of $35 billion. The round was oversubscribed by more than 3x and closed early.

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Demo Still Far
Demo Still FarAug 11

A $3.5 billion valuation—what are the core metrics behind it? Can Kimi's DAU and retention sustain this valuation? Look at Anthropic's revenue multiples; this Pre-IPO round seems a bit rushed.