DeepSeek Targets First External Funding Round
DeepSeek is preparing to enter its first external funding round, aiming to raise at least $300 million at a valuation of $10 billion or more. The development was reported by The Information, citing sources familiar with the discussions.
Backed by High-Flyer Capital Management
The artificial intelligence startup is owned by Chinese hedge fund High-Flyer Capital Management. Until now, DeepSeek has been fully financed by its parent company, which supported the development of its advanced AI models.
Shift Toward Outside Investment
In the past, DeepSeek turned down several funding offers from leading Chinese venture capital firms and major technology companies. However, the company has now initiated conversations with potential investors as it looks to secure external capital.
Rising Interest Around DeepSeek’s AI Model
DeepSeek attracted significant attention from both Silicon Valley and Wall Street last year, particularly due to its AI model R1. The growing interest highlights the company’s potential in the rapidly evolving artificial intelligence sector.
Funding to Strengthen AI Competition
With competition intensifying in the AI industry, DeepSeek is seeking fresh funding to accelerate the development of its models and strengthen its position against global rivals.
