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The Dark Side of the Moon Completes $500 Million Series C Funding Round, Led by IDG with $150 Million
BlockBeats News, December 31st. According to LatePost, Kimi, the dark side of the moon, recently completed a $500 million Series C financing round, with IDG leading $150 million. Existing shareholders such as Alibaba, Tencent, and Wang Huiwen subscribed additional shares, resulting in a post-investment valuation of $4.3 billion. It is reported that Wang Huiwen has accumulated $70 million in investments in the dark side of the moon. A source close to the dark side of the moon said that the primary market's enthusiasm for the company exceeded expectations.
On December 31st, Yang Zhilin, founder and CEO of the dark side of the moon, announced in an internal letter that the company has over 10 billion RMB in cash reserves. This scale is comparable to post-IPO companies like Zhipu and MiniMax. As of June 2025, Zhipu had 2.55 billion RMB in cash, with an expected IPO financing of about 3.8 billion RMB. As of September 2025, MiniMax had 7.35 billion RMB in cash, with an expected IPO financing of 3.4 to 3.8 billion RMB. Insiders say this means the dark side of the moon "doesn't have to rush to IPO."
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