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As reported by sources in the newspapers, DeepSeek plans to secure 50 billion yuan ($7.4 billion) which will be allocated for research and development, along with enhancing computing capacity. The business anticipates finishing the funding round by the end of August.
According to a source cited by the South China Morning Post, among the investors are participants from the last funding round, such as Contemporary Amperex Technology Limited (CATL). Additional investors have entered, such as Stony Creek Capital, a private equity firm linked to Zhu Yiming, who leads the prominent memory chip producer CXMT.
DeepSeek completed its initial funding round in June, securing $7.4 billion at a valuation of $50 billion. This positioned it as the most valuable AI startup in China.
DeepSeek intended to conduct a second round a month later, but quickly paused it after founder Liang Wenfeng was distressed by his remarks being exposed to the press. Chinese media reports indicate that Liang mentioned DeepSeek's reliance on Nvidia chips and China's ongoing delay in AI advancement relative to the United States.
DeepSeek anticipates conducting an IPO in China as soon as 2027. Sources at the South China Morning Post indicate that the company might apply for a listing in Shanghai as soon as the end of this year.
source: scmp.com
According to a source cited by the South China Morning Post, among the investors are participants from the last funding round, such as Contemporary Amperex Technology Limited (CATL). Additional investors have entered, such as Stony Creek Capital, a private equity firm linked to Zhu Yiming, who leads the prominent memory chip producer CXMT.
DeepSeek completed its initial funding round in June, securing $7.4 billion at a valuation of $50 billion. This positioned it as the most valuable AI startup in China.
DeepSeek intended to conduct a second round a month later, but quickly paused it after founder Liang Wenfeng was distressed by his remarks being exposed to the press. Chinese media reports indicate that Liang mentioned DeepSeek's reliance on Nvidia chips and China's ongoing delay in AI advancement relative to the United States.
DeepSeek anticipates conducting an IPO in China as soon as 2027. Sources at the South China Morning Post indicate that the company might apply for a listing in Shanghai as soon as the end of this year.
source: scmp.com
