DeepSeek is reportedly close to completing a new funding round worth at least RMB 80 billion, or about $12 billion, according to a BlockBeats brief. The reported size is well above the company’s earlier target of around RMB 50 billion. People familiar with the matter said Tencent Holdings and Contemporary Amperex Technology Co. Limited, better known as CATL, have committed sizable amounts to the round, and the transaction is expected to close soon.\n\nThe report said demand and investor interest rose sharply after the release of DeepSeek’s latest AI model, pushing the round beyond initial expectations. The final amount could still approach RMB 100 billion. DeepSeek had previously been seeking about RMB 50 billion, but interest tied to progress in its AI technology appears to have expanded the deal.\n\nBlockBeats also said DeepSeek had already drawn attention from institutions including Tencent and CATL, and that the company plans to use the proceeds to expand computing infrastructure, develop AI models, and build out its team.
DeepSeek is reportedly close to completing a new funding round valued at no less than RMB 80 billion, or about $12 billion, according to a BlockBeats news brief. That figure is far above the company’s earlier fundraising target of roughly RMB 50 billion.
People familiar with the matter said Tencent Holdings and Contemporary Amperex Technology Co. Limited (CATL) have committed large amounts to the round, with the financing deal expected to be completed soon.
The report said market demand and investor interest increased sharply after DeepSeek released its latest AI model. That shift has pushed the size of the round beyond prior expectations, and the final amount could still come close to RMB 100 billion.
DeepSeek had previously been seeking about RMB 50 billion. According to the report, investor interest in the company’s progress in AI technology helped drive the fundraising target higher.
BlockBeats added that DeepSeek had already attracted attention from institutions including Tencent and CATL, and plans to use the financing to expand its computing infrastructure, advance AI model development, and grow its team.
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