Woofun AI reports that Kuaishou’s Keling AI is finalizing an independent financing round exceeding $3 billion, establishing a post-money valuation of $18 billion. A Middle Eastern fund is positioned as the potential lead investor, with Tencent, Alibaba, General Atlantic, and Sequoia Capital among other prospective participants.

Keling AI intends to complete restructuring and share reform by 2026, aiming to file its IPO application in early 2027. Financial data indicates last year’s revenue reached approximately 1.04 billion yuan, representing 0.73% of Kuaishou’s total. In the first quarter of this year, revenue jumped over 300% year-on-year to surpass 650 million yuan, while annual recurring revenue (ARR) hit $500 million as of March. The platform now serves over 60 million global users, generating more than 600 million videos and providing API services to over 30,000 enterprises and developers.