DeepSeek to raise $7 billion in first external funding round at up to $59 billion valuation
By
Alina Maria Stan
Properly proved. Has structure, has flavour, has a point.
Summary
DeepSeek, the Chinese AI lab, is raising approximately $7 billion (50 billion yuan) in its first external funding round, valuing the company between $52 billion and $59 billion. Founder Liang Wenfeng is personally contributing 20 billion yuan of his own money to maintain control of the company. This marks a significant shift for the startup, which has been a major player in AI discussions but previously had no outside investors.
Key quotes
· 3 pulledDeepSeek has spent eighteen months as the most talked-about AI lab that almost nobody could invest in.
The Chinese startup is slated to raise roughly 50 billion yuan, about $7bn, in its first external funding round
Founder Liang Wenfeng is committing 20 billion yuan of his own money, a controlling share of the raise that keeps him firmly in charge
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