月之暗面近日完成F轮融资，融资额超过35亿美元（约236亿元人民币），投后估值达到350亿美元[1]。本轮融资认购金额超出原定目标3倍有余，融资提前关闭[1]。这轮融资由Kimi K3模型发布催化，该模型在编程领域表现突出，在Frontend Code Arena编程榜单以1679分登顶全球第一[1]。Kimi K3采用MoE稀疏架构，总参数量达2.8万亿，每次激活896个专家中的16个[1]。K3发布后一周内全球下载量超过93万次[1]。
月之暗面的商业表现增长迅速。该公司年化经常性收入（ARR）从2026年3月首次突破1亿美元，5月达到2亿美元，6月稳定在3亿美元[1]。其中API收入占整体收入七成以上[1]。从去年年底至今七个月时间内，公司估值从43亿美元增长至350亿美元，涨幅超过8倍[1]。公司还计划启动Pre-IPO轮融资，预期投前估值最高可达500亿美元[1]。
Dark Side of the Moon has completed an F-round financing round exceeding $3.5 billion, equivalent to approximately 23.6 billion yuan, achieving a post-money valuation of $350 billion [1]. The round attracted overwhelming investor demand with subscriptions exceeding the original target by more than threefold, prompting the company to close the financing ahead of schedule [1].
The funding surge was catalyzed by the launch of Kimi K3, an AI model that achieved the top global ranking on the Frontend Code Arena programming leaderboard with a score of 1,679 points [1]. The model features a total parameter count of 28 trillion using a mixture-of-experts sparse architecture with 896 experts, of which 16 are activated per inference [1]. Within one week of its release, K3 garnered over 930,000 downloads globally [1].
Dark Side of the Moon has experienced rapid revenue growth, with annualized recurring revenue rising from $100 million in March 2026 to $300 million by June 2026 [1]. API revenue constitutes over 70 percent of total company revenue [1]. The company's valuation has surged more than eightfold over the past seven months, climbing from $4.3 billion at the end of last year to $350 billion [1]. Looking ahead, Dark Side of the Moon is preparing to launch a Pre-IPO funding round with a target pre-money valuation as high as $500 billion [1].
