DeepSeek Negotiates $10 Billion Financing, Liang Wenfeng Focuses on AGI and Open Source

According to Beating Monitoring, DeepSeek is currently in the final stages of negotiating a massive financing round of up to 70 billion yuan (approximately $10 billion), increasing from the previously rumored scale of 50 billion yuan (about $7.35 billion) reported on May 8. This financing round is advancing with a pre-investment valuation of around $45 billion, which will elevate the post-investment valuation to $55 billion. In terms of capital structure and investor dynamics, this financing round showcases a new multi-party competitive landscape. Earlier in May, reports indicated that founder Liang Wenfeng planned to personally invest up to 20 billion yuan (approximately $3 billion, accounting for about 40% of this round) to ensure absolute control of the team, thereby replacing the previously rumored lead investor, the National Artificial Intelligence Industry Investment Fund, which is expected to become the second-largest investor. As of the latest developments on May 22, with the total financing amount expanded, the luxurious lineup of investors for this round has become clearer: in addition to the national team fund and Liang Wenfeng's substantial personal investment, several leading tech giants and top venture capital firms, including Tencent Holdings, IDG Capital, and Monolith Capital, are nearing confirmation of their participation in this investment round, forming a united front of 'state-owned capital + major companies + leading VCs + founding team.' DeepSeek's management has shown an extremely strong stance during negotiations. Insiders reveal that Liang Wenfeng and the executive team made firm commitments in several key meetings with investors: even if the company secures billions of dollars, it will steadfastly prioritize achieving General Artificial Intelligence (AGI) as its core strategic goal, directing resources towards open-source AI models and cutting-edge exploratory research, clearly placing short-term commercialization and profit pressures in a secondary position.
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