#1DeepSeek Nears $7.4B Raise at $59B Valuation in Historic First Funding Round
Formerly bootstrapped Chinese AI lab DeepSeek is closing in on a $7.4 billion maiden funding round that would value it between $52 and $59 billion. Investors include Tencent ($1.5B), the state-backed National AI Industry Investment Fund, CATL, NetEase, JD.com, and founder Liang Wenfeng's own $3 billion personal commitment. This is one of the largest startup financings in Chinese history and a direct geopolitical signal about the state of the global AI race.







