Final confirmed figure: Reuters reported on July 2 that the deal closed at over 19 billion yuan (~$2.80 billion), valued at $15 billion pre-money .
Bloomberg reported in June 2026 that Kling AI aimed to raise $2 billion+ at an $18 billion post-investment valuation, down from an initial $20 billion ask . SCMP confirmed the $18 billion post-money valuation in its July 1 exclusive
. At the Reuters-reported pre-money of $15 billion and ~$2.8 billion raised, the post-money would be approximately $17.8 billion, consistent with the $18 billion figure
.
The revenue trajectory is one of the fastest in software history.
Kling AI's position strengthened significantly after its highest-profile Western competitor exited the market.
The SCMP July 1 exclusive references Kling AI's revenue surge "following latest AI video model release" — its 3.0 model — which drove the acceleration from $240M to $500M ARR . The 3.0 model was launched in early-to-mid 2026 and is described as having enhanced video generation capabilities that contributed directly to the ARR tripling from ~$100M (March 2025) to the $500M run rate
.