Chinese AI startup DeepSeek plans first funding round of 50 billion yuan
DeepSeek seeks about 50 billion yuan in its initial funding round. Investors reportedly include Tencent and CATL.
insurancejournal.comChinese AI startup DeepSeek plans to raise about 50 billion yuan, or $7.4 billion, in its first funding round. People with knowledge of the matter said investors in the round are expected to include tech firm Tencent and battery maker CATL.
Funding details The round would mark the first time outside investors have put capital into the company. The reported size of the round exceeds most early-stage technology financings completed in China during the past year.
CATL have previously backed other Chinese technology and manufacturing companies. No closing date or final terms for the round have been disclosed.
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