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Beijing's Dark Side of the Moon Seeks New Funding

1/22/2026

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Summary

Story summary

Dark Side of the Moon, a Beijing-based AI company, is seeking new financing after its valuation rose to $4.8 billion from $4.3 billion.
The company recently completed a $500 million Series C financing.
The funds will expand graphics card capabilities and accelerate development of the K3 model.
Moore Threads Technology, a Beijing GPU designer, gained attention after a visit by Beijing's mayor, while investors monitor AI-sector competition.

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Story summary

Dark Side of the Moon, a Beijing-based AI company, is seeking new financing after its valuation rose to $4.8 billion from $4.3 billion.
The company recently completed a $500 million Series C financing.
The funds will expand graphics card capabilities and accelerate development of the K3 model.
Moore Threads Technology, a Beijing GPU designer, gained attention after a visit by Beijing's mayor, while investors monitor AI-sector competition.