CATL and Tencent lead new DeepSeek funding round as company plans early 2027 IPO
CATL and Tencent back Deepseek's ballooning funding round as the AI startup eyes a 2027 IPO
- Who
- deepseek
- When
What happened
Bloomberg reports that DeepSeek is nearing completion of a new funding round of at least $12 billion. The initial target was about $7.5 billion at a valuation of about $75 billion, but people familiar with the matter say the total could approach $15 billion. CATL and Tencent are the largest contributors.
Why it matters
The funding amount, investors, and IPO timeline together offer a view of DeepSeek's financing for its compute and open-source strategy.
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