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DeepSeek needs more cash just weeks after closing its first $7 billion round

AnnouncementFundingJul 14, 2026

DeepSeek is in early talks with investors for a new funding round at a pre-money valuation of about $71 billion, weeks after closing its first $7 billion round at $52 billion. The capital would fund data centers, AI chips, and an in-house inference chip to reduce reliance on Nvidia and Huawei. Founder Liang Wenfeng remains the largest backer. DeepSeek faces mounting domestic competition from Zhipu AI, MiniMax, and Moonshot AI.

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Citation chain · 1 source

NvidiaCompanyDeepSeekCompanyHuaweiCompanyZhipu AICompanyTencentCompanyMiniMaxCompanyCATLCompanyJD.comCompanyNetEaseCompanyV4ModelLiang WenfengPersonMoonshot AICompany
Canonical: https://the-decoder.com/deepseek-needs-more-cash-just-weeks-after-closing-its-first-7-billion-round/