Kimi's valuation on the dark side of the moon rises to $31.5 billion, ARR surpasses $300 million

According to the Science and Technology Innovation Board Daily, Kimi's previous round of financing with a valuation of $200 million has been completed, and its pre investment valuation for the new round of financing has risen to $31.5 billion. In mid June, Kimi's ARR exceeded $300 million, with revenue growth driven by model iteration and increased developer usage and API revenue. API revenue accounted for over 70% of the overall revenue.