DeepSeek seeks $74B valuation in new funding round after $70M revenue
Hesamation · x · 2026-08-26
Reports indicate DeepSeek reached $70M in revenue through July, 10x its entire 2025 total, with an API gross margin of 82.9%. The company is seeking 50 billion yuan ($6.9B) in a second funding round targeting a 500 billion yuan ($74B) valuation. Growth is driven by lowering model operational costs and efficient AI infrastructure.
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