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DeepSeek raises about RMB 100bn with CATL and Tencent among backers

NewsFeeds update

DeepSeek raised about RMB 100bn ($15bn) in one of China's largest funding rounds, after raising its target twice from RMB 50bn to RMB 80bn and then that amount, with CATL and Tencent among the biggest investors. The Hangzhou company will use the funds to compete globally with US AI firms such as Anthropic and OpenAI.

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Read the original on PANews

The story so far: DeepSeek second funding round

DeepSeek raised about RMB 100bn ($15bn) in one of China's largest funding rounds, with CATL and Tencent among the biggest investors, after raising its target twice. The round is close to closing but not yet shut, with a pre-money valuation of about 500bn yuan, and a listing could start as early as next year.

  1. DeepSeek raises about RMB 100bn with CATL and Tencent among backers

    DeepSeek raised about RMB 100bn ($15bn) in one of China's largest funding rounds, after raising its target twice from RMB 50bn to RMB 80bn and then that amount, with CATL and Tencent among the biggest investors. The Hangzhou company will use the funds to compete globally with US AI firms such as Anthropic and OpenAI.

    AIPANewsAINeutral

  2. DeepSeek said to near close of second funding round of about 100bn yuan

    DeepSeek's second funding round is close to closing but not yet shut, with the size raised from an initial 50bn yuan to nearly 100bn yuan and a pre-money valuation of about 500bn yuan, Tencent Technology reported. The company could start a listing as early as next year.

    AIChainCatcherAINeutral

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.