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DeepSeek nears $14 billion second funding round at about $70 billion pre-money valuation

1 article1 sourcesince Oct 13Last article 1h ago ·

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DeepSeek is nearing completion of a second funding round of roughly $14 billion, double its initial $7 billion target, according to Caijing as reported by X.PIN. The pre-money valuation stays at around $70 billion.

The round is expected to be split evenly between new and existing investors, with Geely joining earlier backers CATL and Tencent. CATL alone may contribute $1.4 billion.

The figures are Caijing's reporting and have not been confirmed by DeepSeek in the source.

Written by AI from the articles below · updated Oct 13, 8:13 AM ET

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Latest developmentOct 13, 7:55 AM ET
DeepSeek nears $14 billion second funding round, double its initial target

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Oct 13
  1. X.PINX
    DeepSeek nears $14 billion second funding round, double its initial target

    AIAccording to Caijing, DeepSeek is nearing completion of a second funding round of roughly $14 billion, double its initial $7 billion target. Its pre-money valuation stays around $70 billion, and the round is expected to be split evenly between new and existing investors, including Geely, CATL, and Tencent. CATL alone may contribute $1.4 billion.

    Image from @thexpin's post

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