Funding
DeepSeek Secures $15 Billion Funding Round
Chinese AI startup DeepSeek has raised approximately 100 billion yuan ($15 billion) in its latest fundraising round, marking one of the country's largest financings. The Hangzhou-based company, which has been preparing for a potential IPO, has been supported by investors including Contemporary Amperex Technology and Tencent Holdings. DeepSeek's latest funding round has allowed the company to increase spending on data-center infrastructure and open-weight model development for both Chinese and overseas markets.