DeepSeek's $7.4B round locks control with Liang and the state
The financing structure accepts outside capital while keeping voting power away from commercial investors.
4 verified stories covering Liang Wenfeng, product updates and industry developments.
The financing structure accepts outside capital while keeping voting power away from commercial investors.
DeepSeek closed its first outside round at a valuation above $50 billion, but commercial backers get no voting power.
Reuters says DeepSeek’s first major financing could value the company at 350 billion to 400 billion yuan while its founder remains the largest investor.
DeepSeek is seeking its first-ever external funding round, targeting at least $300 million at a valuation exceeding $10 billion, according to four anonymous informed sources. The move marks a major shift for the AI lab, which had long rejected outside investment.