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DeepSeek reportedly completes approximately $15 billion funding round

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On October 22, Machine Heart reposted a Bloomberg report stating that DeepSeek raised 15 billion USD, a move that challenges leading US laboratories. Semafor reported the same day that DeepSeek completed a financing of approximately 15 billion USD, one of the largest in China, with the funds to support international expansion; before this round, the company had twice raised its financing target, and analysts believe this paves the way for its upcoming listing. TechCrunch, citing Bloomberg, reported the financing was approximately 15 billion USD, about 100 billion RMB, just two days after the US required federal civilian agencies to remove its AI technology over security concerns; potential investors include CATL and Tencent, among others. The report also mentioned that DeepSeek completed a financing of over 7 billion USD at a valuation of 50 billion USD in June this year, reportedly sought to raise another 1.5 billion USD at a valuation of approximately 71 billion USD in July, and plans an IPO in China as early as next year; regulators in multiple countries have recently stepped up scrutiny of its security and privacy policies, and some government agencies, including US agencies, have completely banned the use of its technology on government devices.

Generated by AI from reports · Updated 7 days ago

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  1. TechCrunch AI
    DeepSeek reportedly raises $15 billion days after US restrictions

    DeepSeek reportedly raised about $15 billion, equivalent to about 100 billion yuan, according to Bloomberg, just two days after the United States required federal civilian agencies to remove its AI technology over security concerns. The report says potential investors include battery maker CATL and Tencent. The round follows its June funding of more than $7 billion at a $50 billion valuation; in July the company was also reported to be seeking another $1.5 billion at a valuation of about $71 billion, and it plans an IPO in China as early as next year. The Hangzhou-based lab is increasing investment in AI infrastructure and open-source models for domestic and international markets, which could further intensify domestic competition, the report says. In the same period, Moonshot AI raised $2 billion in May at a $20 billion valuation, and Manus AI raised more than $500 million earlier this month.

  2. Semafor
    China AI leader DeepSeek raises $15 billion

    DeepSeek has completed a funding round of about $15 billion, one of the largest in China, with the funds to support its international expansion. The Hangzhou-based company last year released models that match leading Silicon Valley models at much lower cost. Before this round, DeepSeek raised its funding target twice, which analysts see as paving the way for its upcoming listing. Meanwhile, multiple governments and regulators have recently stepped up scrutiny of its safety and privacy policies, and some government agencies, including US agencies, have completely banned its technology on government devices.

  3. X @jiqizhixin (Synced)
    DeepSeek raises $15 billion, challenging leading US labs

    DeepSeek raises 15 billion USD; Bloomberg reports that the move is a challenge to leading US labs. Machine Heart reposted this Bloomberg report and attached a link to the original source.

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