Bloomberg: DeepSeek has raised about $15B, one of China’s largest private financings. The Hangzhou lab lifted its target at least twice during talks,...
Bloomberg reports DeepSeek has raised about $15B, making it one of China's largest private financings ever; together with a $7.5B+ first round that closed in June, the lab has collected roughly $22.5B in six months. The fundraising target was lifted at least twice during talks, CATL and Tencent are among the largest backers, and the $74.8B pre-money valuation held even as the round doubled. It matters because the war chest gives DeepSeek compute and talent firepower comparable to top US labs, hardening the China-US AI race.
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- Rohan Paul2026-10-22 03:13