Deepseek seeks to raise 7.4 billion dollars in investments, with an eye on its IPO next year. - 재경일보
Article excerpt
Chinese artificial intelligence (AI) startup DeepSeek is about to raise a large amount of new funds, with a corporate valuation of 74 billion dollars (approximately 101.565 trillion won). It is interpreted that the company seeks to obtain large-scale funds to expand research and development (R&D) and computing infrastructure before its IPO next year. On the 27th (local time), the Wall Street Journal (WSJ), citing sources familiar with the matter, reported that Hangzhou, China-based DeepSeek is looking to raise 7.4 billion dollars (approximately 10.1565 trillion won) in investments. This represents a significant increase in the company's valuation compared to the June funding, when the company was valued at more than 50 billion dollars (approximately 68.63 trillion won) by major investors, including Tencent. ▲ New funding from CATL and local government funds… Opening the doors to direct investment In this investment round, current shareholders, Monolith Management, investors such as Shixiang, and Chinese battery giant CATL (Ningde Shidai), are expected to inject additional new funds. Furthermore, it is reported that numerous funds backed by investment institutions dependent on Chinese local governments also plan to participate in the investment. Deepseek needed indirect investment through a limited partner (LP) managed by founder Wenfeng Liang during the last funding round...
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DeepSeek has selected lead banks and an advisory team with the goal of listing on the Shanghai Stock Exchange next year and has begun large-scale preparations for an initial public offering (IPO).
