DeepSeek has reportedly reopened discussions for a second funding round targeting RMB50 billion (approximately $6.9 billion), with a pre-money valuation of about RMB500 billion1,2. The talks could lead to an agreement in late August, though terms and timing have not been finalized.
The reported round would follow an earlier fundraise that brought in more than RMB50 billion at a valuation above RMB350 billion, according to prior reports cited by the source. ANALYSIS The reported pre-money valuation of RMB500 billion would mark a significant increase from the above-RMB350 billion valuation cited for the prior round.
The development remains a reported financing discussion, not a completed fundraising round. The original reporting was published by IT Home, in Chinese, and picked up by TechNode and AI Base.
ANALYSIS The scale of the reported round — RMB50 billion in a second raise at a RMB500 billion pre-money valuation — would place DeepSeek among the most highly valued private AI companies globally, based on the figures cited in the reporting.