DeepSeek in talks to raise $1.5B at a $71B valuation, preps possible 2027 IPO

1:30 PM · July 14, 2026

DeepSeek is in talks to raise approximately $1.5 billion at a $71 billion valuation, according to Bloomberg and Financial Times reporting — a roughly 42% jump from the $50 billion valuation it set barely a month ago when it closed a $7 billion round. The Chinese AI lab has begun preparing an IPO filing that people familiar with the plans say could come as soon as this year, setting up what would be a landmark listing for China's technology industry, with an actual debut more likely in 2027. The rapid back-to-back fundraising suggests investors are racing to lock in allocations ahead of a listing. DeepSeek continues to compete near the frontier of model capability despite US export controls restricting its access to Nvidia's most advanced chips, in part by running its cloud inference service on Huawei-made silicon instead. The renewed funding interest comes as Chinese AI labs more broadly continue to draw investor attention even as geopolitical tensions over chip access remain unresolved.