DeepSeek resumes funding round seeking nearly $8 billion, Bloomberg News reports

Chinese AI startup DeepSeek has announced the resumption of its second funding round, with an aim to raise nearly $8 billion, according to Bloomberg News. Monolith Management is reportedly in discussions to join the investment round, the news outlet noted on Thursday, citing sources familiar with the matter. DeepSeek is reportedly targeting a valuation of around 500 billion yuan ($74.09 billion) for the funding round, the report added.

In July, Reuters had previously reported that DeepSeek was planning a fresh fundraising round at a valuation of approximately 500 billion yuan ($74 billion) in anticipation of a potential mainland initial public offering. However, later in July, Bloomberg had reported that DeepSeek had informed potential investors in its second fundraising round that it was suspending the deal for now.