Kimi's Valuation Reaches $31.5 Billion as ARR Surges Past $300 Million on June 30

According to sources close to Kimi, Moon's Darkness announced the completion of its previous $20 billion financing round on June 30, with a new funding round now underway at a pre-money valuation of $31.5 billion. The company disclosed its latest financials during investor discussions: as of mid-June, its annual recurring revenue (ARR) surged past $300 million. Revenue growth was driven primarily by enhanced developer adoption and API earnings following model improvements. API revenue now accounts for over 70% of total revenue and continues climbing.
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