DeepSeek Wrapping Up $15 Billion Funding Round Backed by Tencent and CATL
Chinese AI startup DeepSeek is wrapping up a funding round of about 100 billion yuan (around $15 billion), roughly double its original 50 billion yuan target, according to a Reuters report published on 22 October. Battery maker CATL and Tencent were among the biggest investors in the round.
Chinese AI startup DeepSeek is wrapping up a funding round of about 100 billion yuan (around $15 billion), roughly double its original 50 billion yuan target, according to a Reuters report published on 22 October. Battery maker CATL and Tencent were among the biggest investors in the round. The fundraising signals DeepSeek is moving closer to public markets — in September the company reportedly hired CITIC Securities to prepare for a potential STAR Market IPO. Last month DeepSeek released DeepSeek-V4.1-Flash, designed for greater capability, faster inference and higher throughput. Note: the round was reported from confidential sources and final details could still change.
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