DeepSeek Raises $12 Billion Ahead of 2027 IPO
DeepSeek is raising at least 80 billion yuan in funding from investors including Tencent and CATL before a planned initial public offering in early 2027.
DeepSeek is nearing the completion of a funding round that will raise at least 80 billion yuan ($12 billion), significantly exceeding its initial target of 50 billion yuan. The financing could potentially reach 100 billion yuan based on signed term sheets, following the successful release of the company's latest AI model.
Major contributors to the round include Tencent Holdings Ltd. and Contemporary Amperex Technology Co. Ltd., both of which committed some of the largest amounts in the round. This capital injection serves as a precursor to a planned initial public offering scheduled for early 2027.
