DeepSeek Considers Doubling Funding Round to Up to $14.9 Billion
Chinese AI startup DeepSeek is considering expanding its latest funding round to as much as 100 billion yuan ($14.9 billion), doubling the initial target of 50 billion yuan, according to sources familiar with the matter. The company has attracted strong interest from state-backed funds and corporate investors but is limiting participation by private investment vehicles tied to individual investors. The fundraising comes amid rising capital needs for AI development and as DeepSeek prepares for a potential IPO on Shanghai's STAR Market in early 2027. Current talks involve major backers such as Tencent, CATL, Geely Auto, Monolith Management, and Loyal Valley Capital. The company is seeking a valuation of around $75 billion but has faced delays due to investor concerns over pricing. DeepSeek’s founder emphasized the importance of advancing AI technology toward artificial general intelligence rather than focusing on short-term profits. This move reflects broader trends in China's AI sector, where companies are raising significant capital amid fierce competition and growing reliance on external funding.
Topics: AI Funding Rounds IPO Plans Private Equity