Abu Dhabi-based BlueFive Capital has co-led a funding round of nearly $3 billion for the Chinese AI-powered video generation company, Kling AI. The investment marks the largest single financing ever recorded for an AI video generation model company, pushing Kling AI’s valuation to $18 billion.
Quick Facts
- Total Funding: Close to $3 billion
- Company Valuation: $18 billion
- MENA Investor: BlueFive Capital co-led the round
- Key Co-Investors: Tencent, Baidu, Alibaba Cloud
A Record-Breaking Round for AI Video
The massive funding round establishes Kling AI as a major player in the competitive AI video space. The round was jointly co-led by BlueFive Capital alongside CPE, Guofang Investment, Tencent, and CITIC Securities.
More than ten other institutional investors participated, including Chinese internet giants Baidu and Alibaba Cloud, signaling strong confidence in Kling’s technology and market position.
BlueFive’s Strategic Push into China
For BlueFive Capital, the investment reinforces its strategy of backing foundational technology platforms and deepens its presence in China. Since opening a Beijing office last year, the firm has been actively committing capital to Chinese innovators in sectors ranging from robotics and AI to autonomous driving.
Hazem Ben-Gacem, Founder and Chief Executive of BlueFive Capital, commented on the deal.
“This investment represents a significant coup for BlueFive Capital on multiple fronts. Securing a strategic allocation in a funding round of this magnitude validates our ability to access premier, highly sought-after opportunities alongside established investors. At the same time, it shows we are earning the trust and confidence of sophisticated Chinese institutional capital.”
He added, “Kling AI has not only established itself as a technological powerhouse with a world-leading AI video model but has also demonstrated the ability to commercialize its platform, and we are thrilled to partner with it at such an exciting point in its journey.”
About BlueFive Capital
BlueFive Capital is a global investment platform with $15 billion in AUM. It targets opportunities in high-potential economies with the goal of transforming traditional financial models and fostering sustainable growth. Incorporated in Abu Dhabi Global Market, the firm has offices in London, Manama, Abu Dhabi, Dubai, Muscat, and Beijing. It offers private equity, real estate, infrastructure, and financial products to private wealth, institutional, and retail clients.
Source: Zawya
