DeepSeek prepares a $12 billion funding round with backing from CATL and Tencent

AINew6 October 20261 min read

In brief

According to Bloomberg, DeepSeek is close to closing a new funding round aiming to raise at least $12 billion. CATL and Tencent are said to be backing the round, while the company plans a 2027 IPO.

What's happening?

According to Bloomberg, Chinese AI company DeepSeek is close to completing a new funding round worth at least $12 billion. Battery giant CATL and tech company Tencent are reported to be participating.

Why it matters

DeepSeek is known for its low-cost, open-weight models. Funding of this scale could allow the company to accelerate model development and infrastructure investment.

IPO plans

The report says the company aims to go public in 2027. The exact amount and investor list have not been officially confirmed.

Why it matters

A funding round of this scale for DeepSeek could shape the trajectory of open-weight models and China-based AI investment; worth following.

Sources

The DecoderFirst reported by
CATL and Tencent back Deepseek's ballooning funding round as the AI startup eyes a 2027 IPO

#DeepSeek #investment #IPO #artificial intelligence

DeepSeek prepares a $12 billion funding round with backing from CATL and Tencent

In brief

What's happening?

Why it matters

IPO plans

Why it matters

Sources

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