DeepSeek is close to completing a new funding round that is expected to reach at least 800 billion yuan, or about $12 billion, according to Bloomberg. The reported total is well above the company’s earlier target of about 500 billion yuan. People familiar with the matter said Tencent Holdings and CATL are among the institutions that have committed large sums, and the round is nearing completion. Bloomberg also reported that investor demand rose beyond expectations after the release of DeepSeek’s latest AI model, which means the final raise could approach 100 billion yuan. The funding is expected to give the company more capital support ahead of a planned initial public offering in early 2027. Bloomberg said the deal would rank among the larger private fundraising cases in the global AI sector in recent years.
DeepSeek is close to completing a new funding round that is expected to total at least 800 billion yuan, or about $12 billion, according to Bloomberg. The figure is far above the company’s earlier fundraising target of about 500 billion yuan.
People familiar with the matter said Tencent Holdings and Contemporary Amperex Technology Co. Limited, or CATL, have committed large amounts of capital, and the round is close to completion. Bloomberg reported that investor demand climbed beyond expectations after the release of DeepSeek’s latest AI model, and the final size of the financing could approach 100 billion yuan.
The report said the new capital would give DeepSeek more financial support ahead of a planned initial public offering in early 2027. Bloomberg added that the deal would make DeepSeek one of the larger private fundraising cases in the global AI industry in recent years.
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