The Dark Side of the Moon is set to complete a new $2 billion funding round, pushing its valuation above $20 billion.

CoinFeed reported on May 6th that Kimi (The Dark Side of the Moon) is about to complete a new round of financing of $2 billion, bringing its post-money valuation to over $20 billion. This round was led by Meituan Dragonball, with participation from China Mobile, CPE (CITIC Private Equity Funds), and others. Dragonball alone invested over $200 million. In January and February of this year, Kimi completed three rounds of financing, raising $500 million, $700 million, and $700 million respectively. Including this latest round, Kimi has raised over $3.9 billion in less than six months, and its latest valuation is more than four times that of approximately $4.3 billion in November last year. To date, Kimi's total financing has exceeded 37.6 billion RMB, making it the company with the most cumulative financing among large-scale model startups. Including its IPO fundraising, MiniMax has raised approximately 15 billion RMB, and Zhipu approximately 13 billion RMB.