WSJ Tech News Briefing · Thursday, August 27, 2026
Chinese AI startup DeepSeek is reportedly close to securing $7.4 billion in new funding, which would value the company at $74 billion. This funding round, expected to close ahead of a potential IPO next year, includes participation from existing investors like Monolith Management and Contemporary Amperex Technology, alongside government-backed Chinese funds.
“Deep Sea is said to secure new funding that would value the Chinese AI startup at $74 billion as it targets an IPO next year.”
“People familiar with the matter say the company is seeking to raise $7.4 billion to bankroll research and development and its build out of computing infrastructure.”
“The fundraising would mark a step up from Deep Sea's previous $50 billion valuation in June.”