Technology
DeepSeek reportedly weighs doubling funding round to nearly $15 billion
CNBC reports that the Chinese artificial intelligence firm is pursuing an expanded fundraising round targeting a $75 billion valuation.
The short version
- DeepSeek is considering doubling its latest fundraising round up to 100 billion yuan ($14.9 billion), targeting a valuation of about $75 billion.[CNBC]
- Corporate and investment entities including CATL, Geely Auto, Monolith Management, and Loyal Valley Capital have committed capital, with Tencent also reported among major backers.[CNBC]
- The expansion comes after DeepSeek raised approximately 50 billion yuan during its initial external round in June.[CNBC]
- Reports indicate the company is eyeing a potential initial public offering in early 2027.[CNBC]
Key facts
- DeepSeek is considering increasing its ongoing funding round to as much as 100 billion yuan ($14.9 billion), which would double its prior goal.[CNBC]
- The company is seeking an overall valuation of approximately 500 billion yuan ($75 billion).[CNBC]
- CATL, Geely Auto, Monolith Management, and Loyal Valley Capital have committed capital to the round.[CNBC]
- DeepSeek closed its first external funding round in June, raising approximately 50 billion yuan.[CNBC]
What remains uncertain
- The final total for the funding round remains unconfirmed as deliberations are ongoing and targets have ranged between 80 billion and 100 billion yuan.[CNBC]
- The timing and venue of a potential initial public offering, reportedly eyed for early 2027, have not been officially confirmed by DeepSeek.[CNBC]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.