DeepSeek Funding Target Rises
Bloomberg says DeepSeek is close to raising at least $12B, with battery maker CATL and Tencent contributing the largest shares, ahead of a 2027 public offering.
ImportanceMaterialEvidenceE3 inspectableWrite-upStandard
Bloomberg says DeepSeek is close to raising at least $12 billion in a new funding round.
The company originally targeted about $7.5 billion at a valuation of roughly $75 billion. People familiar with the matter say the total could approach $15 billion, with battery maker CATL and Tencent contributing the largest shares.
DeepSeek plans to restructure for a public offering in early 2027 after the round closes. It is building a data center with at least 160,000 Huawei AI chips. CATL declined to comment, while Tencent and DeepSeek did not respond.