DeepSeek reportedly seeking $1.5B funding and planning IPO

Chinese AI startup DeepSeek is reportedly in talks to raise $1.5 billion at a $71 billion valuation and prepare for an initial public offering.

• Bloomberg reported that DeepSeek is in talks to raise about $1.5 billion at a valuation of approximately $71 billion.
• The company is reportedly preparing for an IPO in 2027, with a possible earlier date at the end of this year.
• DeepSeek raised $7 billion in its first outside funding round one month ago at a $50 billion valuation.
• In June, DeepSeek accounted for nearly 23% of tokens processed by enterprise AI platform Vercel, according to Vercel.