Kling AI Raises $2B in Kuaishou Spinoff

The Neuron · 1 week ago

Kling AI, Kuaishou's video generation unit, raised $2 billion in venture funding as the company prepares to spin off ahead of a planned 2027 IPO. The pre-money valuation was approximately $15 billion, with potential additional investors potentially pushing the total to $3 billion and diluting Kuaishou's stake to 68 percent. Kling now competes directly with ByteDance's Sensescape and other startups to fill the market gap left by OpenAI's shutdown of Sora, positioning itself as the dominant text-to-video platform for professional creators.