DeepSeek raises over $12bn, plans 2027 IPO

According to Bloomberg, DeepSeek is close to completing a new funding round led by CATL and Tencent, which are contributing the largest shares. Earlier reports said the round initially targeted about $7.5bn at a valuation of roughly $75bn; later reports put the total at at least $12bn, with people familiar saying it could approach $15bn. The company also plans an IPO in 2027. The round has not yet formally closed, and the final amount and valuation are subject to the official announcement.

Written by AI from the reports · updated 10 d ago