Moonshot AI Raises $3.5 Billion, Valuation $35 Billion, Annual Revenue Jumps to $300 Million

Moonshot AI has completed approximately $3.5 billion in funding, reaching a post-money valuation of $35 billion. The Beijing-based company's latest funding round is roughly double the initial target upper limit of $1 billion to $2 billion. The company's annual recurring revenue grew from $100 million in March to $300 million in June, providing business growth support for its valuation.