DeepSeek raises about $15B in one of China's largest private financings

AIBloomberg reports that DeepSeek has raised about $15B, one of China's largest private financings. The Hangzhou lab raised its target at least twice during talks, from about $7.5B to $12B. CATL and Tencent were among the largest backers, with CATL reportedly committing about $1.5B. Together with a first round above $7.5B that closed in June, DeepSeek has collected about $22.5B in roughly six months.

Rohan Paul

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Bloomberg: DeepSeek has raised about $15B, one of China’s largest private financings.

The Hangzhou lab lifted its target at least twice during talks, from about $7.5B to $12B

CATL and Tencent were among the largest backers, with CATL reportedly committing about $1.5B, double its first-round check.

Chinese media put the pre-money valuation at about $74.8B, unchanged as the round doubled, so new money bought bigger stakes at the same price.

Together with a first round above $7.5B that closed in June, DeepSeek has collected about $22.5B in roughly 6 months.

Source details

Rohan Paul · x.comPublished Oct 21, 11:13 PM ET · added here 11:30 PM ET

Original title: Bloomberg: DeepSeek has raised about $15B, one of China’s largest private financings.

DeepSeek raises about $15B in one of China's largest private financings

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