Market2026-09-24

DeepSeek’s annualised revenue run rate has doubled to $1bn. The jump follows a recent API price rise. Fees increased between 2.3 and 4.5 times depending on the model. Customers stayed despite the hike. Most revenue comes from developers using its API. The company’s chatbot remains free. DeepSeek is finalising a $7.5bn funding round. The round values the company at about $74bn. The figures come from a report by The Information.

What changed

Annualised revenue run rate was under $500M a few months ago.

  • $1bn annualised revenue run rate
  • 2.3x to 4.5x API price rise
  • $7.5bn funding round
  • $74bn valuation

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