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The Dark Side of the Moon is finalizing a new round of funding, with a pre-money valuation of $4.8 billion
BlockBeats News, January 20th, according to the STAR Market Daily report, The Dark Side of the Moon (Kimi) is finalizing a new round of financing, with a pre-investment valuation of $4.8 billion, up from $4.3 billion just weeks ago. It is reported that this round of financing will be completed soon, and The Dark Side of the Moon has not yet commented on this financing.
Earlier on December 31, 2025, The Dark Side of the Moon (Kimi) disclosed the recent completion of a $500 million Series C financing, with IDG leading the investment of $150 million, and existing shareholders such as Alibaba, Tencent, and Wang Huiwen subscribing oversubscribed, with a post-investment valuation of $4.3 billion. The Dark Side of the Moon's founder and CEO, Yang Zhilin, released an internal memo stating that the company has over 10 billion RMB in cash reserves. This scale is already on par with Zhipu and MiniMax after their IPOs. As of June 2025, Zhipu had $2.55 billion in cash, with an expected IPO fundraising of about $3.8 billion. As of September 2025, MiniMax had $7.35 billion in cash, with an expected IPO fundraising of $3.4 billion to $3.8 billion. Sources said this means The Dark Side of the Moon "may not be in a hurry to IPO."
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