Kuaishou Spins Off Kling AI, Targets Record USD 3 Billion Fundraising for Video AI Platform
By
Lv Qian
Summary
Kuaishou Technology is spinning off its AI video generation platform Kling AI into an independent company. The new entity plans to raise up to USD 3 billion through a capital increase, targeting a post-investment valuation of approximately USD 18 billion. This would be the largest single fundraising round ever completed by a video foundation model company globally.
Source
bskyKuaishou Spins Off Kling AI, Targets Record USD 3 Billion Fundraising for Video AI Platformyicaiglobal.comKey quotes
· 3 pulledKuaishou Technology is spinning off its artificial intelligence-based video generation platform, Kling AI, into an independent company
The new entity plans to raise up to USD3 billion through a capital increase to give it a post-investment valuation of about USD18 billion
The deal marks the largest single fundraising ever completed by a video foundation model company globally
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