DeepSeek wrapping up $15 billion fundraising to fuel AI race: Reuters
Tencent and CATL were among the biggest investors as DeepSeek expanded spending on data centers and open-source models, Bloomberg News reported.
- On Thursday, October 22, 2026, Chinese AI startup DeepSeek raised about 100 billion yuan in its latest fundraising round, Bloomberg News reported citing people familiar with the matter.
- Previously, the firm lacked the financial firepower of Silicon Valley frontier labs, but this capital infusion helps moderate a funding gap that has persisted since DeepSeek's 2025 market disruption.
- Battery pioneer Contemporary Amperex Technology and WeChat-operator Tencent Holdings were among the biggest investors, with DeepSeek boosting its financing target from 50 billion yuan to 80 billion before reaching the final tally.
- DeepSeek is using the funds to aggressively build data centers and develop open-source models for global deployment, intensifying pressure on domestic rivals like MiniMax Group while preparing for an initial public offering.
- Artificial Analysis identified what has been called the "DeepSeek death zone," where competitors will struggle to survive unless they match the firm's performance or charge lower prices.
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DeepSeek reportedly raises $15 billion ahead of potential Shanghai IPO · TechNode
DeepSeek has completed a $15 billion private funding round, nearly doubling its initial target following strong investor demand, The Wall Street Journal reported on October 22, citing people familiar with the matter. The Chinese AI developer is also accelerating preparations for a potential Shanghai listing early next year, according to the report. The financing would […]
DeepSeek reportedly raises $15bn from Tencent and CATL ahead of IPO
Chinese AI lab DeepSeek has raised about 100bn yuan ($15bn), one of the largest private funding rounds ever in China. Bloomberg reported the deal on Thursday, citing people familiar with the matter. Battery maker CATL and Tencent, which owns WeChat, were among the biggest investors. TNW has not independently verified the report, and DeepSeek has […] This story continues at The Next Web
Chinese AI firm DeepSeek raises $15B in latest challenge to OpenAI, Anthropic: report
Chinese artificial intelligence firm DeepSeek raked in $15 billion in a fresh fundraising round as it looks to challenge US-based labs like OpenAI and Anthropic, according to a report.
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