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DeepSeek Closes $15 Billion Funding Round Backed by Tencent and CATL to Challenge OpenAI and Anthropic
Read this in the Market Flux appChinese AI startup DeepSeek has raised approximately 100 billion yuan, or $15 billion, in one of the largest funding rounds in China's history, positioning the Hangzhou-based company as a direct rival to American AI leaders OpenAI and Anthropic. The round was backed by two of China's corporate giants: battery maker Contemporary Amperex Technology Co., known as CATL, and Tencent Holdings, the WeChat operator and gaming conglomerate.
DeepSeek raised its financing target at least twice during the fundraising process, starting at 50 billion yuan before increasing to 80 billion yuan and ultimately closing at 100 billion yuan. The details of the round have not been officially disclosed, with sources speaking on condition of anonymity because the terms remain private.
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Sources
- Zerohedge*DEEPSEEK RAISES $15 BLN IN FUNDING DEAL JOINED BY TENCENT, CATL
- Cointelegraph🇨🇳 JUST IN: China’s DeepSeek raises about $15B in one of the country’s biggest funding rounds ever, as it gears up to take on Anthropic and OpenAI, per Bloomberg.
- PolymarketJUST IN: China's DeepSeek reportedly raises $15,000,000,000.00 in major push to challenge America's dominance in artificial intelligence.
- InvestingDeepseek raises $15 bln in Tencent, CATL-backed funding round - Bloomberg
- BusinessThe Chinese AI pioneer DeepSeek has raised about $15 billion in its latest fundraising round, one of the country’s largest ever and a sign of the startup’s ambitions to compete globally with the likes of Anthropic and OpenAI