GoKawiilDeepSeek raises about $15 billion in new funding round, Bloomberg reports
Chinese AI lab DeepSeek has reportedly raised roughly $15 billion (about 100 billion yuan), one of China's largest funding rounds, according to Bloomberg. Potential investors include CATL and Tencent, and the round comes just two days after the US ordered federal agencies to remove DeepSeek's technology from their systems over security concerns. It follows a June round that raised over $7 billion at a $50 billion valuation, with an additional $1.5 billion reportedly sought in July at a $71 billion valuation.
GoKawiil's interpretation of the reporting above, not reported fact.
The scale of investment suggests Chinese backers remain confident in DeepSeek's prospects despite US restrictions, and could fund aggressive expansion in AI infrastructure and open models domestically and abroad. The round also reflects a broader surge of capital into Chinese AI firms like Moonshot AI, Manus AI, Zhipu AI and MiniMax, pointing to intensifying competition both within China and against US AI companies.
- DeepSeek reportedly raised about $15 billion, one of China's biggest funding rounds
- The raise follows US restrictions barring federal agencies from using DeepSeek's technology
- It adds to a wave of large investments in Chinese AI firms competing globally
Source: techcrunch.com — Kate Park, 2026-10-22
Published there as: “DeepSeek reportedly raises $15B days after US restrictions”
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