The Bleeding Edge
← Back to the timeline

June 17, 2026

DeepSeekfunding

DeepSeek raises ~$7.4B at >$50B valuation in first external round

DeepSeek closed a record ~$7.4B (>50B yuan) round structured to preserve founder control, with Liang Wenfeng contributing ~20B yuan, Tencent ~10B, and CATL ~5B; only China's state AI fund received voting equity.