(Bloomberg) -- Moonshot AI secured a $35 billion valuation after raising a larger-than-anticipated $3.5 billion in a just-closed round of financing, riding the momentum from a breakthrough Kimi K3 model that sent ripples through Silicon Valley. Moonshot on Monday released its weights — the numeric values the model learned during training — — allowing developers to download, tweak and host the technology freely. The model also features a 1 million-token context window, enabling it to process massive documents or codebases in a single prompt. Moonshot achieved $300 million of annual recurring revenue — a gauge of future sales — in June, jumping from $200 million in April, Bloomberg News reported earlier. Since the K3's launch, daily sales have surged at least six times, one person familiar with the matter has said.