DeepSeek reportedly raises about $15B in Chinese AI funding
The AI startup DeepSeek reportedly secured a $15 billion round, aimed at expanding data‑center capacity and developing open‑source models.
23 Oct 2026 0 reads Compiled with AI
DeepSeek, a Chinese artificial‑intelligence company, reportedly raised around $15 billion in a funding round backed by Tencent Holdings and Contemporary Amperex Technology, with the money intended to support AI data‑center expansion and open‑source model development, and the company is preparing for a potential initial public offering.
The $15 billion round was the largest of a week when Asian startups pulled in $16.07 billion across AI, autonomous delivery, fintech, robotics, healthcare and consumer brands, with other notable rounds including Neolix’s $400 million and FundPark’s $250 million.
The funding includes investors such as Tencent Holdings, Contemporary Amperex Technology, CATL, Meituan and others, giving DeepSeek a pre‑money valuation of about 500 billion yuan, roughly $75 billion.
The reports do not confirm the final terms of the transaction, and the deal is still reported as nearing completion, with some details possibly changing before closure.