Sources: DeepSeek generated $70.7M in revenue and posted a $106M net loss in the first seven months of 2026, ~10x its full-year 2025 revenue on a $139M net loss (The Information)

DeepSeek, a Chinese artificial intelligence start-up, generated $70.7 million in revenue in the first seven months of 2026, according to The Information. During this period, the company posted a net loss of $106 million. This revenue is approximately 10 times its full-year 2025 revenue, which was reportedly $7.07 million, although The Information also reported a $139 million net loss for 2025.

DeepSeek is currently nearing the completion of a new funding round, which values the company at about 500 billion yuan ($74 billion) before investment. The company is seeking to raise around 50 billion yuan in this round, which was expected to close before the end of August, according to the South China Morning Post.

The funding round includes investors such as local venture funds Monolith and Shixiang Capital, Chinese battery giant Contemporary Amperex Technology Ltd (CATL), CPE, Legend Capital, and Stony Creek Capital. DeepSeek is preparing for a potential initial public offering (IPO) on Shanghai’s Star Market and could file for an IPO as early as the end of the year, with a potential public market debut in 2027.

Brief written by urgent.news from Techmeme, South China Morning Post, SCMP Tech, SCMP Business — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.