FUNDING$7.4B
DeepSeek Raises $7.4B -- Becomes China's Most Valuable AI Startup at $50B+
DeepSeek closed a $7.4B round backed by Tencent, CATL, JD.com, NetEase and IDG Capital, vaulting past a $50B valuation to become China's most valuable AI startup. The raise is a direct answer to the US frontier labs and a statement that the model race is now a two-superpower contest.
Jun 16, 2026