Kuaishou Kling AI Seeks $2 Billion at $18 Billion Valuation From General Atlantic
Updated
Updated · Bloomberg · Jun 17
Kuaishou Kling AI Seeks $2 Billion at $18 Billion Valuation From General Atlantic
1 articles · Updated · Bloomberg · Jun 17
Summary
Kling AI is seeking to raise more than $2 billion in a first financing round, with General Atlantic in talks to lead the investment.
The Kuaishou video-generation unit wants a major US backer before a potential IPO, according to people familiar with the discussions.
An $18 billion post-money target marks a step down from Kling’s earlier $20 billion fundraising goal after it adjusted expectations to investor demand.
Other Asia-focused investment firms have also shown early interest in Kling, which generates videos and short films from user prompts.