Chinese AI startup DeepSeek is reportedly preparing to raise about $7.4 billion in its first external funding round, a move that could value the company at as much as $59 billion.
DeepSeek Funding Round Could Value Startup At Up To $59 Billion
DeepSeek is seeking roughly 50 billion yuan in fresh capital, with the fundraising expected to value the company at between 350 billion yuan and 400 billion yuan after the investment, Reuters reported, citing people familiar with the matter.
The round could close within the next few weeks, though terms remain subject to change.
Founder Liang Wenfeng is reportedly contributing 20 billion yuan of his own capital.
DeepSeek gained international attention after its V3 and R1 models drew praise in Silicon Valley and challenged assumptions about China's AI capabilities.
Tencent And CATL Emerge As Key DeepSeek Investors
Technology giant Tencent Holding Ltd. (OTC:TCEHY) is considering an investment of about 10 billion yuan, while battery maker CATL is evaluating a 5 billion yuan commitment, potentially making them the largest outside backers in the round.
Other prospective investors reportedly include gaming company NetEase, Inc. (NASDAQ:NTES), e-commerce giant JD.com (NASDAQ:JD), Hong Kong-based IDG Capital and Monolith Capital, as well as China's state-backed artificial intelligence investment funds.
DeepSeek did not immediately respond to Benzinga’s request for comments.
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