
Kling AI spins off for funding at $18B valuation with BAT backing, accelerating video LLM commercialization
Summary
On July 2nd, Kuaishou's Kling AI completed an independent spin-off funding round, reaching a post-money valuation of $18 billion USD, with a fundraising cap of $3 billion USD. The lineup for this round was luxurious—internet giants Tencent, Alibaba Cloud, and Baidu participated together, co-led by top-tier institutions such as CPE Yuanfeng, Guofang Venture Capital, and CITIC Securities.
Kling AI's performance, with single-quarter revenue exceeding 650 million RMB and year-over-year growth over 300%, is the core support for gaining recognition from the capital market. This financing set a record for the largest funding round for a global video large model company, marking that the video generation AI track has officially entered the second half of commercial competition.
Original Link
Tags
#KlingAI #Financing #Entrepreneurship #Investment #BAT #Commercialization
Physix Frontier