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DeepSeek
StreetZero Signal 85
About DeepSeek
Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd., doing business as DeepSeek, is a Chinese artificial intelligence company that develops open weights large language models. Based in Hangzhou, Zhejiang, it is owned and funded by the Chinese hedge fund High-Flyer. The company was founded in July 2023 by Liang Wenfeng, who serves as CEO and personally held an 84% stake as of May 2024. It launched the DeepSeek chatbot alongside its DeepSeek-R1 model in January 2025.
LATEST FUNDINGVenture Round
$15.0B
Announced 2026-10-22
IN THE NEWS
- 🔗 DeepSeek - Wikipedia
- 🔗 BREAKING: DeepSeek Hits $50B - Liang Wenfeng Keeps Total Control
- 🔗 DeepSeek Becomes China’s Most Valuable AI Startup After $7.4 Billion Fundraise - WSJ
- 🔗 DeepSeek to Raise Over $12 Billion in Tencent-Backed Funding - Bloomberg
- 🔗 2.2K views · 23 reactions | DeepSeek is seeking external funding for the first time ever in its efforts to scale its AI ambitions, including a push towards achieving artificial general intelligence. Can it get the billions it's looking for? CNBC's Elaine Yu reports: cnb.cx/4qPwu16 | CNBC
EMPLOYEES—
FOUNDED2023
HQHangzhou, Zhejiang, China
Industry
AI
Tags
AILLMOpen WeightsChina
Key highlights
- Founded in July 2023 by Liang Wenfeng and fully owned by High-Flyer hedge fund.
- Raised over $7.4 billion in first external round at >$50 billion valuation.
- Developed open-weight LLMs including DeepSeek-R1 and launched a public chatbot in 2025.
- Headquartered in Hangzhou with Liang retaining 84% personal stake as of mid-2024.
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