DeepSeek Reportedly Near $12B Funding Round with Tencent and CATL, IPO Planned for Early 2027

Bloomberg reported on October 6 that DeepSeek is close to finalizing a new funding round of at least $12 billion, far exceeding its own fundraising target, and plans a landmark IPO in early 2027. Multiple bloggers (rohanpaulai, teortaxesTex, pstAsiatech) relayed the news, none with official confirmation.

Confirmed

Bloomberg reports the round is at least $12 billion, with the final amount possibly approaching RMB 100 billion.
Valuation could reach $71 billion; demand surged after the V4 Flash model release, and signed letters of intent could push the total to nearly $15 billion.
The company plans an IPO in early 2027.
Funds will mainly go toward hardware.

Unconfirmed

The source is Bloomberg reporting; DeepSeek has not officially confirmed it.
teortaxesTex noted the size is larger than previously rumored figures (e.g., $7.4 billion), and exact numbers may still change.

Why it matters

If true, this would be one of the largest raises by a Chinese AI company outside ByteDance (per pstAsiatech).
Investor Jen Zhu (jenzhuscott) posted an analysis: with $12 billion in hand, DeepSeek would polish open-source programming tools like TileLang and kernel libraries such as DeepGEMM Ascend, building a viable alternative to NVIDIA's CUDA ecosystem for Huawei Ascend chips—potentially advancing China's self-reliance in domestic AI compute software stacks.

2026-10-06 ~ 2026-10-06 · 8 related posts

Primary sources

DeepSeek raises at least $12B, eyes IPO in early 2027, Bloomberg reports — teortaxesTex · 2026-10-06 13:47 (UTC+08:00)
DeepSeek nears $12B raise at possible $71B valuation, plans 160K Huawei Ascend chips — rohanpaul_ai · 2026-10-06 14:44 (UTC+08:00)
DeepSeek nears ¥80B+ funding round with Tencent and CATL, reportedly paving way for 2027 IPO — 智东西 · 2026-10-06 16:46 (UTC+08:00)

[source] DeepSeek raises at least $12B, eyes IPO in early 2027, Bloomberg reports — teortaxesTex · 2026-10-06
[source] DeepSeek nears $12B raise at possible $71B valuation, plans 160K Huawei Ascend chips — rohanpaul_ai · 2026-10-06
[source] DeepSeek nears ¥80B+ funding round with Tencent and CATL, reportedly paving way for 2027 IPO — 智东西 · 2026-10-06
DeepSeek reportedly raising at least $12B ahead of planned 2027 IPO — pstAsiatech · 2026-10-06
Report: DeepSeek with $12bn to build open-source TileLang + DeepGEMM stack rivaling Nvidia CUDA on Ascend — pstAsiatech · 2026-10-06
DeepSeek raises $12B led by Tencent, Moonshot hits $50B valuation: funding roundup — 快鲤鱼 · 2026-10-06
DeepSeek reportedly raising nearly $12B, upending the China AI cost narrative — TansuYegen · 2026-10-06

1 near-duplicate retellings: rohanpaul_ai