The company targets an IPO in early 2027, with potential listings in mainland China, and will use the funds to deploy 160,000 Huawei accelerators at a data center in Inner Mongolia. This follows a previous external round that raised more than $7 billion earlier this year, positioning the firm alongside rival Moonshot AI, which also plans a 2027 public listing.
Tuesday, October 20, 2026
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DeepSeek Secures At Least $12B in Funding Before 2027 IPO
Startups15 days ago
Tencent and CATL are leading a capital raise that may reach 100 billion yuan, or roughly $15 billion, as investor interest in the company's latest AI model drives demand. DeepSeek is nearing a minimum of $12 billion in the current round, surpassing its initial target of $7.5 billion, while originally seeking a valuation of 500 billion yuan, or about $75 billion.
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