DeepSeek’s first round of financing is officially completed, with investors including Tencent, CATL, and the National AI Industry Investment Fund among others.

Deep潮 TechFlow announcement, July 15, according to Caixin Global, DeepSeek’s first round of financing has officially been completed. According to business registration information, a related company of DeepSeek—Hangzhou Shendu Qiusuo Artificial Intelligence Basic Technology Research Co., Ltd.—recently underwent business registration changes. New shareholders were added: Hangzhou Chengli Enterprise Management Consulting Partnership (Limited Partnership) and the National Artificial Intelligence Industry Investment Fund Partnership (Limited Partnership). Registered capital has been increased to 16.4475 million yuan.

Specifically, the national AI industry fund holds about 0.28%, while Hangzhou Chengli holds about 8.52%. Equity tracing shows that Tencent, through two shareholding platforms—Shanghai Hengxiu and Shanghai Zhimian—holds more than 33% of Hangzhou Chengli in total; CATL holds about 11.7% through Ningbo Meishan Bonded Port Area Wending Investment Co., Ltd. The associated company, Puqe Capital, holds about 5%. In addition, companies such as NetEase, JD.com, IDG, Lisi Capital, Shixiang Technology, and Zhengxin Gu Capital also took part.

Beyond capital updates, DeepSeek is also continuing to advance foundational model research. After the first round of financing was completed, the company has launched large-scale hiring. The roles cover areas including agents, code agents, native large language model search, low-level computing power framework, and data for vertical industries. In terms of model progress, DeepSeek’s most recent major release was the DeepSeek-V4 preview version launched in April this year. The full version, according to the earlier plan, will be released in mid-month this month.