Startups · 1h ago
DeepSeek seeks $1.5B at $71B valuation, eyes 2027 IPO
Chinese AI startup DeepSeek is reportedly raising $1.5 billion at a $71 billion valuation, with plans for an IPO in 2027. The company develops large language models and competes with firms like OpenAI and Anthropic. This funding round would be one of the largest for a Chinese AI startup.
Meridian48 take
The $71B valuation reflects high investor appetite for AI, but DeepSeek faces geopolitical risks and competition from US giants.
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