DeepSeek Near $12B Funding Round Backed by CATL and Tencent, Eyes 2027 IPO

The Decoder · rss · 2026-10-06

According to Bloomberg, DeepSeek is close to raising at least $12 billion in a new funding round, with CATL and Tencent among the backers, as the Chinese AI startup targets a 2027 IPO — its largest capital raise yet as costs balloon.

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