China’s Moonshot AI raises $2B at $20B valuation as demand for open-source AI skyrockets
Moonshot's annualized recurring revenue topped $200 million in April, driven by rapid growth in paid subscriptions and API usage.
Crunchbase AI News·
Global venture funding reached $56 billion in April, marking the third-largest monthly funding in a year. Funding was up 100% year over year, an increase driven by a handful of large rounds.
Read full articleMoonshot's annualized recurring revenue topped $200 million in April, driven by rapid growth in paid subscriptions and API usage.
Overall, investors put $27.4 billion to work across seed- through growth-stage financings for Asian companies in Q1, per Crunchbase data. That’s up about 20% from the prior quarter and nearly double year-ago levels, with total funding also hitting its highest level in more than three years.