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, 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 a few weeks ago. It is reported that this round of financing will be completed soon, and Dark Side of the Moon has not yet commented on this financing.
Previously, on December 31, 2025, Dark Side of the Moon (Kimi) disclosed the recent completion of a $500 million Series C financing, with IDG leading $150 million, Alibaba, Tencent, Wang Huiwen, and other existing shareholders subscribing for more shares, post-investment valuation of $4.3 billion. 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 comparable to the post-IPO Zhipu and MiniMax. As of June 2025, Zhipu had $2.55 billion in cash on its books, with an expected IPO financing of about $3.8 billion. As of September 2025, MiniMax had $7.35 billion in cash on its books, with expected IPO financing of $3.4 to $3.8 billion. Insiders said this means Dark Side of the Moon "can take its time with the IPO."
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