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DeepSeek Valuation Hits $45B as Big Fund Leads First External Funding Round
DeepSeek valuation has soared to $45 billion as China‘s state-backed “Big Fund” leads the AI startup‘s first external funding round. The Silicon Review reports on Tencent and Alibaba’s participation and the strategic push for domestic AI chips. DeepSeek valuation has skyrocketed to approximately $45 billion as China‘s state-backed “Big Fund” the National Integrated Circuit Industry Investment Fund leads the artificial intelligence startup’s first external financing round. The DeepSeek funding round represents a dramatic jump from the roughly $20 billion valuation the company was pegged at just weeks ago. The round has drawn interest from Chinese tech giants Tencent Holdings and Alibaba Group, though the final investor lineup has yet to be finalized. DeepSeek founder Liang Wenfeng, who controls approximately 89.5% of the company through direct and indirect holdings, is also expected to participate in the funding round personally. The startup previously relied entirely on internal funding from parent company Huanfang Quantitative, a quantitative hedge fund, for research and deve...
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