Sources: DeepSeek has resumed its funding round, seeking $8B at a $74B valuation, after pausing talks following the leak of Liang Wenfeng's remarks to investors (Bloomberg)
DeepSeek has resumed its second funding round, seeking close to $8 billion, with Monolith Management in talks to contribute, according to people familiar with the matter.
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.
Written by urgent.news from Channel News Asia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 3 other outlets
- Sources: the US Commerce Department's BIS is reviewing how Chinese AI companies access Nvidia chips overseas, including by legally renting foreign data centers (Mackenzie Hawkins/Bloomberg) bloomberg.com
- DeepSeek resumes fundraising at $74b valuation techinasia.com
- DeepSeek resumes funding round seeking nearly $8 billion, Bloomberg News reports channelnewsasia.com
