May 2026 Wave of Domestic AI Startup Funding: Moonshot AI, 01.AI, MiniMax Complete New Rounds

In May 2026, funding for domestic AI startups continues to heat up. Moonshot AI (Kimi) completed a Series B round at a valuation of $3 billion; 01.AI announced a $300 million Series A round; MiniMax is reportedly in the midst of a pre-IPO round. Meanwhile, domestic AI models have matched international top-tier performance in comprehensive evaluations across multiple domains, drawing close attention from global capital.