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Chinese chatbot maker Moonshot AI secures $2bn in new funding, led by Long-Z Investments, boosting its valuation to over $20bn.
Amount Raised
$2 Billion
Investors
Description
Moonshot AI has secured approximately $2bn in a new financing round, increasing its valuation to over $20bn. The round was led by Long-Z Investments, the venture arm of Meituan. This funding reflects a significant increase in interest and valuation for AI start-ups in China, particularly in the chatbot sector. The investment comes as the company continues to grow its subscription-based services.
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