[The Dark Side of the Moon Completes $500 Million Series C Financing, Valuation Reaches $4.3 Billion]
On December 31, The Dark Side of the Moon (Kimi) completed a $500 million Series C financing round, with IDG leading the investment with $150 million. Existing shareholders, including Alibaba, Tencent, and Wang Huiwen, oversubscribed in the round, bringing the post-investment valuation to $4.3 billion. It is reported that Wang Huiwen has invested a total of $70 million in The Dark Side of the Moon.
The company's founder and CEO, Yang Zhilin, stated in an internal letter that the company’s cash reserves exceed RMB 10 billion, putting it on par with Zhipu and MiniMax after their IPOs. Sources indicate that The Dark Side of the Moon may not be in a hurry to go public.