Chinese AI Startup DeepSeek Nears $7.4 Billion in First Funding Round at Up to $59 Billion Valuation
Chinese AI startup DeepSeek is close to finalizing its first funding round, raising about 50 billion yuan ($7.4 billion) from investors including Tencent, CATL and the company’s founder, according to people with knowledge of the matter. The deal would value DeepSeek at about $52 billion to $59 billion.
If completed on those terms, the financing would be one of China’s largest startup financings and mark DeepSeek’s first fundraising.
From the sources (4 posts)
@techmemeSources: DeepSeek is set to raise ~$7.4B in its first funding round from investors including Tencent and CATL at a valuation of between ~$52B and ~$59B (Reuters) (Visit Techmeme dot com for the link and full context!)
@reutersDeepSeek slated to draw $7 billion in maiden fundraising, sources say
@reutersChinese AI startup DeepSeek is set to raise about 50 billion yuan ($7.4 billion) in its first funding round from investors including tech firm Tencent and battery giant CATL, people with knowledge of the matter said
@businessDeepSeek is close to finalizing a deal to raise about 50 billion yuan ($7.4 billion) from investors including Tencent and its own founder in one of China’s largest startup financings