POPA ReconChina’s DeepSeek Seeks $300M at $10B+ Valuation
China’s DeepSeek Seeks $300M at $10B+ Valuation China-based AI lab DeepSeek is in talks to raise around $300M in its first external funding round, targeting a valuation above $10B. The company has so far been funded by its parent hedge fund High-Flyer, with founder Liang Wenfeng retaining majority control (~84%), making this a shift toward external capital. Previously, its V4 model was expected in February 2026 but has been delayed to late April. At the same time, DeepSeek is expanding data center capacity in Inner Mongolia to support growing compute demand. 👉 x.com/theinformation/status/2…
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