DeepSeek Near Finalizing $12 Billion Funding Round Backed by Tencent
Chinese artificial intelligence startup DeepSeek is nearing the completion of a funding round valued at approximately $12 billion, surpassing its initial target and signaling strong investor confidence. The company aims to use this capital ahead of an anticipated IPO in early 2027. The investment includes backing from major firms such as Contemporary Amperex Technology Co., also known as CATL (300750.SZ), and Tencent Holdings Ltd. (0700.HK). This funding round highlights the growing interest in AI infrastructure development within China's tech sector, particularly among companies with strong ties to large-scale technology ecosystems. The size of this investment underscores DeepSeek’s potential as a major player in the global artificial intelligence landscape.
Topics: DeepSeek funding raise IPO plans