Chinese AI Startup DeepSeek Set to Raise $7.4 Billion From Tencent, CATL in First Funding Round
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 founder Liang Wenfeng, according to people with knowledge of the matter. The deal is being discussed on terms that would value the company at about $52 billion.
If completed, the round would be one of China’s largest startup financings. DeepSeek has told investors it plans to prioritize AGI research over short-term commercialization.
From the sources (7 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
@reutersbizChinese 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
@cointelegraph⚡️ LATEST: DeepSeek is reportedly raising $7.4B in its first-ever funding round.
@mtsliveSITUATION BREWING: DeepSeek is close to finalizing a raise of $7.4B at a valuation of $52B, led by Tencent and founder Liang Wenfeng, per Bloomberg. DeepSeek has told investors it will prioritize AGI research over short-term commercializat