DeepSeek nears $12 billion funding round with Tencent and CATL backing

First reported by Bloomberg at · Updated · 6 sources

The Chinese AI startup's fundraising has exceeded its original target as it prepares for a possible IPO in early 2027. RuntimeWire reports that the target rose from 50 billion yuan following its latest model release. Tencent and CATL have committed some of the largest amounts, according to Bloomberg reporting cited by The Next Web.

  • Quartz reports the round could approach $15 billion.

Covered by 6 publishers within 8 hours of the first report.

Reporting6

Bloomberg DeepSeek to Raise at Least $12 Billion in Tencent-Backed Funding · Bloomberg News
RuntimeWire DeepSeek seeks $12B after demand outstrips its funding target · Ryan Merket
The Next Web DeepSeek reportedly nears $12bn funding round backed by Tencent and CATL · Cristian Dina
Quartz DeepSeek is raising at least $12 billion in a Tencent-backed funding round · Cris Tolomia
PYMNTS DeepSeek Looks to Raise $12 Billion Ahead of IPO · PYMNTS
CNBC DeepSeek considers doubling latest funding round to up to $15 billion, sources say

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Topics DeepSeek