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Sources: DeepSeek is close to raising $12B+ in a round that could reach ~$14.9B, with Tencent and CATL as the biggest contributors, ahead of an early-2027 IPO (Bloomberg)

Techmeme ·
DeepSeek’s new financing is said to be running well above $12 billion.

Bloomberg says the round could reach about $14.9 billion, with Tencent and CATL expected to be the largest backers. The raise would come before a planned IPO in early 2027. The report says the round has already blown past DeepSeek’s earlier target. Techmeme’s note

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Categories: Money & Moves