Chinese AI developer DeepSeek is close to a funding round that would value it at about $74 billion, with existing backers including Monolith Management, Shixiang and battery maker CATL putting in new money. The company is seeking roughly $7.4 billion for research and computing infrastructure ahead of a possible share listing next year. The details come from unnamed people familiar with the talks and the round has not been confirmed publicly.
What changed
DeepSeek had been largely self-funded by its parent hedge fund rather than raising large outside rounds.
- $74 billion valuation
- $7.4 billion being raised
Sources