DeepSeek Raising Second Round at $71B After $52B Round, $500M Revenue Run Rate
zephyr_z9 · x · 2026-09-10
Per leaked details, DeepSeek raised $7B at a $52B valuation last month and is now raising a second round at $71B — oversubscribed despite no voting rights and a 5-year lockup.
Key numbers:
- $500M annual revenue run rate, with $5B in planned compute spend this year (FT)
- $1.1B reportedly spent on compute in H1 2026, implying a steep $4B H2 ramp
- For context, OpenAI and Anthropic conservatively run $40B and $65B annual revenue — OpenAI alone is 80x DeepSeek
The US-China gap in revenue vs. compute spend is the most striking part of this round.
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