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[ARTICLE · art-47572] src=techfundingnews.com ↗ pub= topic=generative-ai verified=true sentiment=· neutral

Kling AI closes $3B round at $18B valuation as Alibaba and Tencent back China’s Sora rival: report

Kling AI, a Chinese generative AI startup, raised $3 billion in funding at an $18 billion valuation, with Alibaba and Tencent among the backers, according to a report. The company is developing a rival to OpenAI's Sora, which shut down its consumer version in April 2026.

read1 min views1 publishedJul 3, 2026

OpenAI shut down the consumer version of Sora in April 2026 after it burned through roughly a million…

source & further reading
techfundingnews.com — original article Inside Microsoft’s Frontier Company: $2.5B to own AI implementation instead of selling it Crusoe to triple valuation to $30B as AI infrastructure race heats up: report ElevenLabs is in talks for a $22B valuation, doubling its price tag five months after its last raise: report
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