Deepseek

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DeepSeek’s Annualized Revenue Nears $500 Million, Boosting Fundraise and IPO Plans

By Jing Yang, Qianer Liu and Juro Osawa · Jul 14, 2026 10:10pm PDT
Strong revenue growth at DeepSeek is empowering the Chinese open-source AI star to raise its second-funding round of 50 billion yuan ($7.4 billion) and plot a potential public offering in Shanghai next year, according to three people with knowledge of the matter. The three-year-old startup’s annualized revenue reached between $400 million and... Strong revenue growth at DeepSeek is empowering the Chinese open-source AI star to raise its...
Art by Mike Sullivan
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Anthropic’s Mythos Spooked DeepSeek, Prompting Its $7.4 Billion Fundraising

By Jing Yang, Qianer Liu and Juro Osawa · Jun 26, 2026 6:00am PDT · 8 comments
Up until two months ago, DeepSeek, the three-year-old Chinese AI lab, was an anomaly in the increasingly costly global AI battle. It had relied entirely on CEO Liang Wenfeng’s personal wealth and never raised outside money. That changed in the middle of this month, when DeepSeek completed a $7.4 billion fundraising that valued the startup at... Up until two months ago, DeepSeek, the three-year-old Chinese AI lab, was an anomaly in the...
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DeepSeek Closes Record $7 Billion-Plus Funding with Unusual Deal Structure

By Jing Yang, Qianer Liu and Juro Osawa · Jun 15, 2026 9:55pm PDT · 3 comments
Chinese AI lab DeepSeek has closed its first funding round that raised more than 50 billion yuan ($7.4 billion) under an unusual deal structure, according to two people with direct knowledge of the matter. The funding round, which values the large-language model developer at more than $50 billion, requires investors to put their capital... Chinese AI lab DeepSeek has closed its first funding round that raised more than 50 billion yuan...
The “Canal Qiyuan DeepSeek Home” located in Changqing Street, Hangzhou, Zhejiang Province, China on June 16, 2026. Photo by CFOTO/Future Publishing via Getty Images.
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DeepSeek’s Revenue Reaches $70 Million as of July, Tenfold Jump from 2025

By Juro Osawa and Qianer Liu · Aug 25, 2026 11:50pm PDT · 1 comment
DeepSeek generated about 475 million yuan ($70.7 million) in revenue in the first seven months of this year, roughly tenfold its full-year 2025 revenue, as the Chinese AI lab goes full steam ahead in its second round of funding, according to two people with knowledge of the company’s financial data. DeepSeek recorded a net loss of about 715... DeepSeek generated about 475 million yuan ($70.7 million) in revenue in the first seven months of...