出走新加坡的Manus被高价收购的消息刷爆了创投圈，相比之下，今天月之暗面的5亿美金融资的消息，却显得平静许多。同处于AI领域，国内创投态度 为何会出现这样的反差？到底什么样的企业才应该被追捧？ AI领域的热度在这几天达到了一个新的高度。Manus被Meta高价收购，智谱和MiniMax即将上市之际，另一家大模型企业月之暗面宣布了新一轮融资消 息。 12月31日，月之暗面创始人、CEO杨植麟在内部全员信中宣布，公司已完成5亿美元C轮融资，当前账面现金储备超100亿元人民币。据悉，本轮融资由 IDG领投，阿里、腾讯等老股东超额认购，投后公司估值达43亿美元。 全员信同时披露了公司亮眼的业务表现：受K2 Thinking大模型带动，Kimi全球付费用户数月增速达170%，海外大模型API收入增长4倍。具体来看，Kimi 产品自5月起高频推出Agent功能，陆续发布Researcher、OK Computer、PPT、Kimi Code等新品，功能持续完善；依托K2模型的领先表现，C端商业化实 现指数级增长，9-11月海外及国内付费用户数平均月环比增长超170%，同期海外API收入亦增长4倍。 关于上市规划，杨植麟 ...

Group 1 - The core point of the article is that Kimi, a prominent player in the AI sector, has successfully completed a $500 million Series C funding round, leading to a post-money valuation of $4.3 billion [1][3] - IDG Capital led the funding with a $150 million investment, while existing shareholders, including Alibaba, Tencent, and Meituan's co-founder Wang Huiwen, participated in the oversubscription [1][3] - Kimi's cash reserves have exceeded 10 billion RMB, positioning the company competitively against listed peers like Zhipu and MiniMax, which have significantly lower cash reserves post-IPO [1][3] Group 2 - The funding round was completed in less than two months, indicating strong enthusiasm in the primary market, with Wang Huiwen personally investing a total of $70 million [3] - Kimi plans to initiate an IPO in the second half of 2026, and with substantial cash on hand, the company can afford to be more strategic about its listing timeline [3][5] - The company reported a monthly growth rate of 170% in global paid users and a fourfold increase in overseas API revenue since November, driven by its K2 Thinking model [3][5] Group 3 - The new funding will primarily be used to aggressively expand GPU computing power in preparation for the K3 model launch in 2026, aiming to match the pre-training levels of top global competitors [5] - Kimi's team currently consists of 300 members, but the company has announced plans to double its incentive budget and significantly increase stock option buyback amounts, demonstrating a commitment to long-term leadership in the industry [5] - The competition in China's AI model sector is likened to an arms race, where financial resources may play a more critical role than technology itself [5]

据36氪，月之暗面创始人、CEO杨植麟今天在内部全员信中表示，公司已完成5亿美元C轮融资，账面 有超过100亿元人民币的现金储备。全员信中透露，Kimi全球付费用户数月增速170%，受K2 Thinking 大模型带动，Kimi在海外的大模型API收入增长4倍。据了解，本轮融资由IDG领投，阿里、腾讯等月之 暗面老股东超额认购，公司投后估值达43亿美元。 （文章来源：第一财经） ...