capital · May 18, 2026
Moonshot AI Raises $2 Billion Funding Round at $20 Billion Valuation
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Moonshot AI closed a $2 billion funding round at a $20 billion valuation on May 7, 2026. The round was led by Long-Z Investments from Meituan with participation from CPE and China Mobile. Founder Yang Zhilin met Chinese Premier Li Qiang in April 2026. Moonshot AI released Kimi K2.6 in late April 2026, an open-source model for complex coding tasks.
Spend governor blocked model creation: provider_circuit_open (lane=dev, provider=together)