State-owned institutions and central enterprises join Kimi's shareholder list; financing wraps up with valuation quadrupling

Multiple state-owned institutions and central enterprise giants have joined Kimi's latest shareholder list, including state-owned institutions like Guozhitou and Beijing Artificial Intelligence Fund, as well as central enterprises like China Mobile. Together with previous internet giants and industrial funds, Kimi has completed its capital structure integration.

Moonlight AI's recent $2 billion financing is entering the final stage. Adding to the three rounds of financing (total $1.9 billion) in January and February this year, Kimi has raised over $3.9 billion in less than half a year. Its latest valuation has quadrupled compared to the $4.3 billion in November last year, with cumulative financing exceeding 37.6 billion yuan, making it the most funded large model startup.

On the product front, Composer 2.5 based on Kimi K2.5 model was integrated into the programming app Cursor today. On April 20, Moonlight AI released and open-sourced its latest model Kimi K2.6, which has upgraded capabilities in code writing, long-term task execution, and Agent cluster.