ChainCatcher reports that, according to LatePost, Kimi has completed a $500 million Series C funding round, valuing the company at $4.3 billion post-money. IDG led the round with $150 million, with existing shareholders including Alibaba, Tencent, and Wang Huiwen oversubscribing; Wang Huiwen has invested a total of $70 million.
CEO Yang Zhilin stated that the company has cash reserves exceeding 10 billion RMB and is not in a hurry to IPO. Kimi is promoting membership fees for its Agent product "OK Computer," and overseas API revenue has increased fourfold since November; the number of global paying users has grown by 170% monthly. The new funds will be used to expand graphics cards and accelerate K3 model training, aiming to catch up with the forefront in pre-training and focus on Agent commercialization.
