DeepSeek Valuation, Funding & Investors

DeepSeek is valued at $89B as of October 2026.

Last DeepSeek valuation

$89B

Series B · Oct 2026

Last DeepSeek funding round

$15B

Series B · Oct 2026

Cumulative funding DeepSeek raised

$22B

across 2 funding rounds

Key investors in DeepSeek

DeepSeek Overview

About DeepSeek

DeepSeek is a Chinese frontier AI lab that develops open-source large language models. DeepSeek conducts research in machine learning, natural language processing and related AI applications. DeepSeek has earned global recognition by challenging the hegemony of U.S. AI incumbents (like OpenAI and Google) through technological breakthroughs in efficiency and reasoning. DeepSeek-R1: A powerful reasoning model that rivals premium Western models. Its unique capability to mimic human thought and break down mathematical or programming tasks incrementally sent shockwaves through the tech industry.DeepSeek-V3 & V4: State-of-the-art general language models capable of running incredibly fast while consuming significantly less computational power than peer models.


Founded

2023

HQ

ChinaHangzhou

Status

Privately held

Customer focus

B2B & B2C

Revenue model

Usage-based, Subscription

Valuation

$89B (Oct 2026)

DeepSeek Valuation

DeepSeek is currently valued at $89B, based on its Series B in October 2026. Read the announcement ↗

The $15B round included Boyu Capital, CPE, IDG Capital, Meituan, Tencent and 6 other investors.

DeepSeek's valuation has grown 1.8x from $50B at its Series A in June 2026 to $89B in October 2026, across 2 priced rounds.

DeepSeek valuation by funding round

DeepSeek valuation by funding round
DateStageValuation
Oct 2026Series B$89B
Jun 2026Series A$50B

DeepSeek Funding History

DeepSeek has raised a total of $22B across 2 funding rounds.

DeepSeek's first fundraising round was a $7.4B Series A in June 2026. The most recent completed round was a $15B Series B in October 2026.

DeepSeek funding rounds

DeepSeek funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2026Series BBoyu Capital; CPE; IDG Capital; Meituan; Tencent; Midea Group; Geely; CATL; Legend Capital; NetEase; GigaDevice Semiconductor$15B$89BDeepSeek, the Hangzhou-based artificial intelligence developer, raised about CNY 100 billion in a funding round reported on 22 October 2026. Investors in the round include chipmaker GigaDevice, Meituan, Geely, Contemporary Amperex Technology, Tencent, Midea Group, NetEase, Boyu Capital, CPE, Legend Capital and existing shareholder IDG Capital. The raise was about double the original fundraising target of CNY 50 billion, and sources said the company was valued at CNY 500 billion before the new capital was injected. The round followed DeepSeek's first external fundraising in June 2026, which raised about USD 7.4 billion and, according to filings by two Chinese investors, implied a valuation of about CNY 350.88 billion. Reports said the company had hired CITIC Securities to prepare for a possible listing on the STAR Market, with an initial public offering targeted for early 2027. DeepSeek, formally Hangzhou DeepSeek Artificial Intelligence Basic Technology Research, was founded in July 2023 by Liang Wenfeng and is owned and funded by the Chinese hedge fund High-Flyer. It develops open-weight large language models, including the V4 and R1 series, and offers a chat app, web version and API platform. The company employed about 160 people in 2025.
Jun 2026Series ALiang Wenfeng (lead); IDG Capital; Tencent; JD.com; National Artificial Intelligence Industry Investment Fund; CATL; NetEase$7.4B$50BChinese AI lab DeepSeek closed its first external funding round, raising over $7.4 billion (50 billion RMB) at a valuation exceeding $50 billion. Founder Liang Wenfeng and state-backed entities dominate the round, utilizing a highly unusual corporate structure that permanently preserves founder control over the lab. Unlike Western startups that seek diverse venture capital, DeepSeek notably rejected funds from Western-aligned or independent funds (such as Sequoia China). DeepSeek plans to heavily utilize the capital to build out its computing infrastructure and secure domestic processing power, as U.S. trade restrictions curb access to advanced Western chips. They have partnered closely with domestic hardware makers like Huawei to optimize their models.

Who has invested in DeepSeek?

14 investors have backed DeepSeek across its funding rounds, including IDG Capital, Tencent, NetEase, CATL, Legend Capital and JD.com.

Lead investors include Liang Wenfeng.


DeepSeek Investors

Investors in DeepSeek by funding rounds participated
InvestorHQRoundsRoleFirst check
IDG CapitalHong KongHong Kong2ParticipantJun 2026
TencentChinaShenzhen2ParticipantJun 2026
CATLChinaNingde2ParticipantJun 2026
NetEaseChinaHangzhou2ParticipantJun 2026
Boyu CapitalChinaBeijing1ParticipantOct 2026
CPEChinaBeijing1ParticipantOct 2026
MeituanChinaBeijing1ParticipantOct 2026
JD.comChinaBeijing1ParticipantJun 2026
National Artificial Intelligence Industry Investment FundChinaShanghai1ParticipantJun 2026
Midea GroupChinaFoshan1ParticipantOct 2026
GeelyChinaHangzhou1ParticipantOct 2026
Liang WenfengChinaHangzhou1LeadJun 2026

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Investments by DeepSeek

DeepSeek has invested in 1 company to date.

Latest investment by DeepSeek was on October 27th 2026. DeepSeek invested in Ligocom in their Seed round.


Latest Investments by DeepSeek

Ligocom
Description
Ligocom is a Beijing-based embodied artificial intelligence start-up developing a general-purpose AI brain for robots. Embodied AI links perception, reasoning and motor control so that machines can carry out physical tasks in unstructured environments, and Ligocom works on the software model layer that robot makers would build into their hardware. As a very young company it has no disclosed commercial products, and it would be expected to earn through licensing its models or supplying them to robot manufacturers and industrial customers. It completed its first financing round in October 2026 with backing reported to include leading Chinese venture investors, placing it within the wave of embodied AI and humanoid robotics start-ups formed in Beijing as the city builds a robotics cluster.
HQ CountryChina
HQ City
Beijing
Deal Date27 Oct 2026
RoundSeed
Raisedundisclosed
InvestorsMonolith Capital; Zhuji Dynamics; HongShan
Valuationundisclosed
EV/Revenue
EV/EBITDA

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DeepSeek Competitors

DeepSeek competitors include listed companies like Snowflake and Presight AI, and private ones like Mistral AI, OpenAI, Anthropic and Prometheus.

Public and private companies comparable to DeepSeek
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Mistral AIFranceParisPrivate$400M-$24B61.0x
OpenAIUnited StatesSan Francisco, CAPrivate$25B-$852B34.1x
AnthropicUnited StatesSan Francisco, CAPrivate$47B-$965B20.5x
SnowflakeUnited StatesUnited StatesPublicly listed$4.7B($1.3B)$108B18.3x
PrometheusUnited StatesSan Francisco, CAPrivate--$41B-
Presight AIUAEUAEPublicly listed$825M$214M$5.3B4.9x

DeepSeek Public Comps

DeepSeek is still privately-owned, but its public comps include Moody's, Datadog, Adobe, Snowflake, ServiceNow, Workday, Nebius Group, Z.ai, Baidu and Cerebras Systems.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Moody's$7.7B$3.8B11.8x11.2x23.8x21.4x
Datadog$3.4B($588K)23.6x18.8x(137367.3x)74.6x
Adobe$24B$9.3B4.1x3.7x10.6x7.8x
Snowflake$4.7B($1.3B)23.1x18.3x(85.1x)104.0x
ServiceNow$13B$2.6B8.5x7.2x43.9x18.5x
Workday$9.6B$1.2B5.0x4.6x41.7x13.8x
Nebius Group$530M$512M83.1x15.2x86.0x38.7x
Z.ai$109M($663M)273.4x36.3x(44.9x)(44.9x)

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Common questions about DeepSeek

When was DeepSeek founded?DeepSeek was founded in 2023.
Where is DeepSeek headquartered?DeepSeek is headquartered in Hangzhou, China.
Is DeepSeek publicly listed?No, DeepSeek is a private, VC-backed company.
What is DeepSeek's valuation?DeepSeek was last valued at $89B in its Series B in October 2026.
How much funding has DeepSeek raised?DeepSeek has raised $22B across 2 funding rounds.
What was DeepSeek's last funding round?DeepSeek's last funding round was a $15B Series B in October 2026.
Who are DeepSeek's investors?DeepSeek's investors include IDG Capital, Tencent, CATL, NetEase, Boyu Capital, CPE, Meituan, JD.com, National Artificial Intelligence Industry Investment Fund, Midea Group and 4 others.
Which companies are comparable to DeepSeek?Companies comparable to DeepSeek include Mistral AI, OpenAI, Anthropic, Snowflake, Prometheus and Presight AI.
How many companies has DeepSeek invested in?DeepSeek has invested in 1 company, including Ligocom.
What was DeepSeek's last investment?In October 2026, DeepSeek invested in Ligocom's seed round alongside Monolith Capital, Zhuji Dynamics and HongShan.

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