Chinese AI startup DeepSeek is close to finalizing its first external funding round, according to multiple reports. The company is reportedly raising about 50 billion yuan (roughly $7.4 billion), in what outlets describe as one of China’s largest startup financings. Sources cited by Bloomberg and other outlets say investors expected to participate include Tencent Holdings and DeepSeek’s founder, and that the round is being lined up as DeepSeek moves from relying largely on internal resources to bringing in outside capital. Reuters-cited reporting included CATL, the battery maker, as another potential backer alongside Tencent and other investors. Several outlets also describe the potential valuation tied to the deal: the South China Morning Post says it is valued at just under $60 billion, while TechNode reports valuation expectations between 350 billion yuan and 400 billion yuan. One outlet notes this would represent a significant increase from DeepSeek’s earlier reported valuation in April. The reports present the financing as a major milestone for DeepSeek and for China’s domestic AI sector as investors seek funding to scale AI capabilities amid intense global competition.
DeepSeek nears $7.4 billion funding round with Tencent and CATL backing
Chinese AI startup DeepSeek is close to finalizing its first external funding round, according to multiple reports. The company is reportedly raising about 50 billion yuan (roughly $7.4 billion), in w...
- DeepSeek is reportedly nearing its first external funding round.
- The round is expected to raise about 50 billion yuan (about $7.4 billion).
- Tencent is cited as an expected investor in the round, along with DeepSeek’s founder.
- CATL is also mentioned by some reports as a potential investor.
- The deal is described as valuing DeepSeek at just under $60 billion (or about 350–400 billion yuan, per different accounts).
Chinese AI startup DeepSeek is poised to raise around 50 billion yuan ($7 billion) in its first external funding round, with backing from major investors including Tencent Holdings and battery giant CATL, according to sources familiar with the matter cited by Reuters. The financing would value DeepSeek at between 350 billion yuan and 400 billion […]
2 months agoChinese AI startup DeepSeek is reportedly nearing a deal to raise $7.4 billion. That’s according to a report Wednesday (June 3) by Bloomberg News, which says the financing would mark one of China’s largest ever startup funding rounds. Social media giant Tencent is among the investors in the round, sources familiar with the matter told Bloomberg. Also taking part, the […] The post DeepSeek Nears Deal to Raise $7.4 Billion for Open-Source AI appeared first on PYMNTS.com.
2 months agoDeepSeek is close to finalizing a deal to raise about 50 billion yuan ($7.4 billion) from investors including Tencent Holdings Ltd. and its own founder in one of China’s largest startup financings, a milestone for a domestic AI industry seeking capital to take on marquee US names like OpenAI.
2 months agoChinese artificial intelligence start-up DeepSeek is finalising its first external fundraising round, securing over 50 billion yuan (US$7.4 billion) at a valuation of just under US$60 billion, according to people familiar with the matter – marking a six-fold leap from its US$10 billion valuation in April. The blockbuster round highlights intensifying global competition and a shifting strategy for the AI breakout star, which had previously resisted external capital. Market-oriented investors and...
2 months agoDeepSeek has spent eighteen months as the most talked-about AI lab that almost nobody could invest in. That is about to change. The Chinese startup is slated to raise roughly 50 billion yuan, about $7bn, in its first external funding round, according to people familiar with the matter, in a deal that would value it […] This story continues at The Next Web
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