Kimi's valuation has risen to 18 billion US dollars, skyrocketing by 4 times in less than 3 months.

The dark side of the moon: Kimi's valuation has risen to $18 billion, and the company's valuation has quadrupled in the past 3 months. A new round of financing of $1 billion is currently in progress. In less than 3 months, Kimi has completed 3 rounds of financing, setting a record for the most consecutive financing rounds in the domestic market in recent years, and has become the fastest unicorn company in the country to break through a valuation of over $10 billion. Driven by the popularity of Kimi K2.5 model and Kimi Claw, Kimi's revenue in the past 20 days has exceeded that of the entire year 2025. According to data from the global payment giant Stripe, Kimi's personal subscription users saw a month-on-month increase of 8280% in January, and a further increase of 123.8% in February, entering the top ten of Stripe's global rankings. Kimi's founder, Yang Zhilin, previously stated in a company-wide letter, "The financing amount exceeds the targeted issuance of most IPO fundraising and listed companies, and we believe we can raise a larger amount of capital from the primary market."