DeepSeek nears pre-IPO funding round as 2027 market debut takes shape: sources

DeepSeek, a Chinese AI startup, is on the verge of a pre-IPO funding round that may elevate its valuation to US$74 billion, paving the way for a 2027 listing on the Shanghai Star Market. The firm aims to secure around 50 billion yuan (approximately US$7 billion) in this round, which is anticipated to conclude by the end of August, as per an insider. Notable investors include existing supporters from DeepSeek's previous funding, such as local venture funds Monolith and Shixiang Capital, along with the Chinese battery powerhouse Contemporary Amperex Technology Ltd (CATL). This funding round is crucial for DeepSeek, which has attracted attention for its AI innovations and is preparing for a public offering, reflecting the rising interest in AI within China.