Kimi completed a $500 million Series C financing round, with over 10 billion yuan in cash on its balance sheet.

36Kr learned that Yang Zhilin, the founder and CEO of Darkside of the Moon, said in an internal letter to all employees today that the company has completed a $500 million Series C financing round and has a cash reserve of over 10 billion RMB on its books. The letter revealed that the monthly growth rate of Kimi's global paying users is 170%, and driven by the K2 Thinking large model, Kimi's large model API revenue overseas has increased fourfold. It is understood that this round of financing was led by IDG, and old shareholders of Darkside of the Moon such as Alibaba and Tencent oversubscribed. The post - investment valuation of the company reached $4.3 billion.