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- DeepSeek
DeepSeek Valuation, Funding & Investors
DeepSeek is valued at $89B as of October 2026.
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Oct 2026 | Series B | $89B |
| Jun 2026 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2026 | Series B | Boyu Capital; CPE; IDG Capital; Meituan; Tencent; Midea Group; Geely; CATL; Legend Capital; NetEase; GigaDevice Semiconductor | $15B | $89B | DeepSeek, 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 2026 | Series A | Liang Wenfeng (lead); IDG Capital; Tencent; JD.com; National Artificial Intelligence Industry Investment Fund; CATL; NetEase | $7.4B | $50B | Chinese 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Jun 2026 | ||
| 2 | Participant | Jun 2026 | ||
| 2 | Participant | Jun 2026 | ||
| 2 | Participant | Jun 2026 | ||
| 1 | Participant | Oct 2026 | ||
| 1 | Participant | Oct 2026 | ||
| 1 | Participant | Oct 2026 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Oct 2026 | ||
| 1 | Participant | Oct 2026 | ||
| 1 | Lead | Jun 2026 | ||
This data is available for Pro users. Sign up to see all 14 DeepSeek investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialInvestments 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
| 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 Country | |
| HQ City | Beijing |
| Deal Date | 27 Oct 2026 |
| Round | Seed |
| Raised | undisclosed |
| Investors | Monolith Capital; Zhuji Dynamics; HongShan |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all DeepSeek investments and their VC round multiples. Start Free Trial | |
DeepSeek Competitors
DeepSeek competitors include listed companies like Snowflake and Presight AI, and private ones like Mistral AI, OpenAI, Anthropic and Prometheus.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $400M | - | $24B | 61.0x | ||
| Private | $25B | - | $852B | 34.1x | ||
| Private | $47B | - | $965B | 20.5x | ||
| Publicly listed | $4.7B | ($1.3B) | $108B | 18.3x | ||
| Private | - | - | $41B | - | ||
| Publicly listed | $825M | $214M | $5.3B | 4.9x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $7.7B | $3.8B | 11.8x | 11.2x | 23.8x | 21.4x | |||
| $3.4B | ($588K) | 23.6x | 18.8x | (137367.3x) | 74.6x | |||
| $24B | $9.3B | 4.1x | 3.7x | 10.6x | 7.8x | |||
| $4.7B | ($1.3B) | 23.1x | 18.3x | (85.1x) | 104.0x | |||
| $13B | $2.6B | 8.5x | 7.2x | 43.9x | 18.5x | |||
| $9.6B | $1.2B | 5.0x | 4.6x | 41.7x | 13.8x | |||
| $530M | $512M | 83.1x | 15.2x | 86.0x | 38.7x | |||
| $109M | ($663M) | 273.4x | 36.3x | (44.9x) | (44.9x) | |||
This data is available for Pro users. Sign up to see all DeepSeek competitors and their valuation data. Start Free Trial | ||||||||
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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