--- title: "Kling AI raises two billion dollars as Kuaishou spins off its video AI unit" url: https://daily.dev/posts/kling-ai-raises-two-billion-dollars-as-kuaishou-spins-off-its-video-ai-unit-7u8gbw1md source_url: https://thenextweb.com/news/kling-ai-2-billion-kuaishou-spinoff-video type: article source: "The Next Web" published: 2026-07-02T18:34:13.067Z updated: 2026-07-02T18:35:02.382Z tags: ["venture-capital", "genai", "ai-video-generation"] reading_time: 3 upvotes: 0 comments: 0 language: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Kling AI raises two billion dollars as Kuaishou spins off its video AI unit **[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments ## Summary Kling AI, the video generation unit of Chinese tech company Kuaishou, has raised $2 billion in venture capital as Kuaishou spins it off ahead of a planned 2027 IPO. The round could grow to $3 billion, valuing Kling at roughly $18 billion post-money. Tencent is among the investors. Kling's ARR hit ~$500M in March, up from $300M in January, driven by its third-generation model. The spinoff positions Kling to fill the gap left by OpenAI's Sora shutdown, competing with ByteDance's Seedance and Shengshu in the professional video generation market. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Tencent moves to sell up to $1.6B of its Kuaishou stake](https://daily.dev/posts/tencent-moves-to-sell-up-to-1-6b-of-its-kuaishou-stake-skemnuuqx) · The Next Web · 0 upvotes · 0 comments - [Video generation startup PixVerse raises $439M, valuation soars past $2B](https://daily.dev/posts/video-generation-startup-pixverse-raises-439m-valuation-soars-past-2b-mlnkpvnaz) · TechCrunch · 0 upvotes · 0 comments - [ByteDance tops China’s AI revenue at $4bn, folds Lark into Doubao](https://daily.dev/posts/bytedance-tops-china-s-ai-revenue-at-4bn-folds-lark-into-doubao-zxqwyuic3) · The Next Web · 0 upvotes · 0 comments - [Moonshot AI seeks $30bn valuation, 7x jump in six months](https://daily.dev/posts/moonshot-ai-seeks-30bn-valuation-7x-jump-in-six-months-zvlrwk1sn) · The Next Web · 0 upvotes · 0 comments --- Tags: [#venture-capital](https://daily.dev/tags/venture-capital), [#genai](https://daily.dev/tags/genai), [#ai-video-generation](https://daily.dev/tags/ai-video-generation) [View this post on daily.dev](https://daily.dev/posts/kling-ai-raises-two-billion-dollars-as-kuaishou-spins-off-its-video-ai-unit-7u8gbw1md)